empty
24.06.2025 06:42 PM
GBP/USD: Simple Trading Tips for Beginner Traders – June 24th (U.S. Session)

Trade Analysis and Guidance for the British Pound

A price test at 1.3608 in the first half of the day coincided with the MACD indicator having already moved significantly above the zero line, which limited the pair's upward potential. The British pound continued to see active buying despite weak data. Clearly, geopolitical developments are providing stronger support to the pound than economic indicators. Investors likely see the pound as a safe haven amid growing uncertainty across the European continent. The UK's economic stability, despite internal challenges, appears more attractive compared to the Eurozone. Additionally, the Bank of England's relatively slow pace of rate cuts continues to attract buyers to the pound.

The situation may change in the second half of the day, especially with strong U.S. Consumer Confidence data and firm messaging from Fed Chair Jerome Powell about maintaining high interest rates. The market is closely watching every word from Powell, and a hawkish tone could reverse the dollar's recent weakness. Investors are looking for clear signals on the Fed's future strategy. If Powell confirms his willingness to fight inflation even at the cost of slower economic growth, this could support the dollar and put pressure on other currencies, including the pound. Moreover, the release of the U.S. Consumer Confidence Index may be a key driver of further market movement. If the figure exceeds expectations, it will reinforce confidence in the resilience of the U.S. economy and boost the dollar.

As for intraday strategy, I will focus on executing Scenarios #1 and #2.

This image is no longer relevant

Buy Signal

Scenario #1:I plan to buy the pound today when the entry point around 1.3630 is reached (thin green line on the chart), targeting a rise to 1.3686 (thick green line on the chart). At 1.3686, I will exit long positions and open shorts in the opposite direction, aiming for a 30–35 point pullback. A bullish pound scenario today depends on weak U.S. data.Important! Before buying, ensure that the MACD indicator is above the zero line and just beginning to rise from it.

Scenario #2:I also plan to buy the pound today if two consecutive tests of the 1.3598 level occur while the MACD is in oversold territory. This would limit the pair's downward potential and trigger a market reversal to the upside. A rise to 1.3630 and 1.3686 can then be expected.

Sell Signal

Scenario #1:I plan to sell the pound after it breaks below 1.3598 (thin red line on the chart), which could lead to a swift decline. The main bearish target will be 1.3539, where I'll exit short positions and open longs in the opposite direction, aiming for a 20–25 point rebound. Sellers are likely to emerge on the back of strong U.S. data.Important! Before selling, ensure that the MACD indicator is below the zero line and just starting to fall.

Scenario #2:I also plan to sell the pound today if two consecutive tests of the 1.3630 level occur while the MACD is in overbought territory. This would limit the pair's upward potential and trigger a downward reversal. A decline toward 1.3598 and 1.3539 may follow.

This image is no longer relevant

What's on the Chart:

  • Thin green line – Entry price for buying the instrument
  • Thick green line – Suggested Take Profit or manual profit-taking level; growth above this level is unlikely
  • Thin red line – Entry price for selling the instrument
  • Thick red line – Suggested Take Profit or manual profit-taking level; decline below this level is unlikely
  • MACD Indicator – Entry decisions should be guided by overbought and oversold zones

Important Note for Beginner Traders:

Beginner Forex traders should exercise extreme caution when deciding to enter the market. It's best to stay out of the market ahead of key fundamental reports to avoid sharp price swings. If you choose to trade during news releases, always place stop-loss orders to minimize losses. Trading without stop-losses can quickly deplete your account, especially if you neglect money management and trade large volumes.

Remember: Successful trading requires a clear and structured trading plan like the one outlined above. Making spontaneous decisions based on the current market situation is a fundamentally losing strategy for intraday traders.

Summary
Urgency
Analytic
Pavel Vlasov
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

GBP/USD: plan para la sesión europea del 22 de julio. Informes COT (análisis de las operaciones de ayer). La libra se fortaleció bastante bien

Ayer se formaron varios puntos de entrada al mercado. Vamos a mirar el gráfico de 5 minutos y analizar lo que ocurrió. En mi pronóstico de la mañana presté atención

Miroslaw Bawulski 07:51 2025-07-22 UTC+2

Petróleo. Compresión hacia la resistencia y exportación forzada de petróleo desde Irán: señales preocupantes

Los futuros del petróleo Brent se acercaron a la zona de resistencia descendente, pero no lograron consolidarse por encima, retrocediendo hacia abajo. El panorama técnico sigue siendo tenso: el precio

Anna Zotova 13:20 2025-06-20 UTC+2

OPEP+ golpea al esquisto, el Brent pierde apoyo

Los futuros del crudo Brent vuelven a estar bajo presión: el precio no logró mantenerse por encima de la zona clave de $65,5 por barril y entró en una fase

Anna Zotova 14:04 2025-05-22 UTC+2

El Gas en un triángulo, el petróleo listo para saltar. La geopolítica vuelve a dictar las reglas del juego

El petróleo respira cambios. La política y la economía vuelven a entrelazarse en un nudo apretado, y los activos de materias primas —especialmente el petróleo y el gas— se convierten

Anna Zotova 11:21 2025-03-25 UTC+2

¿Crecimiento falso o nueva tendencia? Análisis de señales técnicas y fundamentales para el petróleo y el gas

Los futuros del petróleo Brent subieron a aproximadamente $71,3 por barril el martes, marcando la tercera sesión consecutiva de crecimiento, ya que la tensión en Medio Oriente eclipsó otros acontecimientos

Anna Zotova 10:58 2025-03-18 UTC+2

El S&P 500 asalta la cima. Informes sólidos y desregulación como detonantes del optimismo del mercado

El mercado bursátil vuelve a subir, con el S&P 500 en la cúspide de la euforia. ¿Qué será lo próximo? ¿Los aranceles y la política de la Reserva Federal reforzarán

Anna Zotova 10:18 2025-01-24 UTC+2

El S&P 500 está en la cima de la ola. Han aparecido síntomas de un mercado bajista

El jueves, los futuros de las acciones estadounidenses permanecen prácticamente sin cambios después de un impresionante rally en la sesión de trading anterior, cuando el S&P 500 alcanzó máximos históricos

Anna Zotova 09:58 2025-01-23 UTC+2

S&P 500. Sesgo alcista. El mercado sube con la vista puesta en Trump

Los futuros de las acciones estadounidenses registran ganancias el miércoles, tras el sólido repunte de la víspera. El martes, el índice S&P 500 subió un 0,88% y el Nasdaq sumó

Anna Zotova 10:28 2025-01-22 UTC+2

Petróleo y gas. Perspectivas para la semana

El petróleo Brent muestra un descenso, pero sigue negociándose por encima de los $80 por barril. No se descarta un fortalecimiento de la corrección hasta el rango de los $77,5-78,0

Anna Zotova 11:06 2025-01-20 UTC+2

USD/JPY: consejos simples para operar para traders principiantes el 17 de enero. Análisis de las operaciones de ayer en forex.

Análisis de operaciones y consejos para operar con el yen japonés La prueba del precio 155.96 coincidió con el momento en que el indicador MACD apenas comenzaba a moverse hacia

Jakub Novak 07:29 2025-01-17 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.