empty
16.04.2025 06:43 PM
GBP/USD: Simple Trading Tips for Beginner Traders – April 16th (U.S. Session)

Trade Review and Strategy Advice for Trading the British Pound

There were no tests of the levels I outlined in the first half of the day. Even with the release of important inflation data from the UK, reduced market volatility prevented the pair from reaching those key levels.

The published data showing a slowdown in inflation in the United Kingdom for March restrained the pound's strengthening against the U.S. dollar. It became evident that such data gives the Bank of England more room to continue its monetary easing policy—that is, further interest rate cuts—which negatively affects the pound's near-term position. Nonetheless, the overall economic situation in the UK remains relatively stable, offering some support to the pound. The labor market continues to show resilience, and the unemployment rate remains low. This, in turn, supports consumer spending and overall economic activity.

Several important U.S. economic reports are scheduled for release in the second half of the day. Retail sales data will provide insights into consumer spending, a primary driver of the U.S. economy. An increase in retail activity may reflect improved consumer sentiment and economic acceleration, while a drop would suggest the opposite. Changes in industrial production are also important indicators of economic health. Growth in this area often signals increased demand for goods and services, which can lead to job creation and greater investment.

Strong U.S. data may lead to a sell-off in the British pound. However, the main event will be Jerome Powell's speech. Investors will closely follow his comments for signals on the Fed's future monetary policy. Any hints of possible rate cuts could weigh on the dollar.

As for the intraday strategy, I will primarily rely on Scenarios #1 and #2.

This image is no longer relevant

Buy Signal

Scenario #1: I plan to buy the pound today at an entry point near 1.3285 (green line on the chart), targeting a rise to 1.3342 (thicker green line on the chart). Around 1.3342, I'll exit long positions and open shorts in the opposite direction, aiming for a 30–35 point pullback. Pound appreciation today may continue as part of the overall bullish trend. Important! Before buying, make sure 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 there are two consecutive tests of the 1.3257 level while the MACD is in oversold territory. This will limit the pair's downward potential and may lead to a market reversal. A rise to the opposite levels of 1.3285 and 1.3342 is then expected.

Sell Signal

Scenario #1: I plan to sell the pound after a breakout below 1.3257 (red line on the chart), which could lead to a rapid decline in the pair. The primary target for sellers will be 1.3212, where I'll exit short positions and open immediate longs in the opposite direction, aiming for a 20–25 point pullback. Sellers are likely to step in if U.S. data is strong and Powell maintains a hawkish stance on inflation. Important! Before selling, make sure the MACD indicator is below the zero line and just beginning to fall from it.

Scenario #2: I also plan to sell the pound today if there are two consecutive tests of the 1.3285 level while the MACD is in overbought territory. This will limit the pair's upward potential and may trigger a reversal. A drop to the opposite levels of 1.3257 and 1.3212 is expected.

This image is no longer relevant

Chart Key:

  • Thin green line – Entry level to buy the trading instrument.
  • Thick green line – Suggested level for setting Take Profit or closing positions manually, as further growth above this level is unlikely.
  • Thin red line – Entry level to sell the trading instrument.
  • Thick red line – Suggested level for setting Take Profit or closing positions manually, as further decline below this level is unlikely.
  • MACD Indicator – When entering the market, it's important to follow overbought and oversold zones.

Important Note:

Beginner Forex traders should exercise extreme caution when making market entries. It's best to stay out of the market ahead of major fundamental reports to avoid sudden price swings. If you choose to trade during news releases, always use stop-loss orders to minimize losses. Without stop-losses, you could lose your entire deposit very quickly—especially if you don't apply proper money management and trade large volumes.

And remember: successful trading requires a clear trading plan—like the one I've outlined above. Making spontaneous decisions based on the current market situation is, from the outset, a losing strategy for an intraday trader.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
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

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

GBP/USD: 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 la libra esterlina. La primera prueba del precio 1.2184 en la segunda mitad del día coincidió con el momento

Jakub Novak 07:29 2025-01-17 UTC+2

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

Análisis de las operaciones y consejos para operar con el euro. La prueba del precio 1.0282 en la segunda mitad del día coincidió con el momento en que el indicador

Jakub Novak 07:29 2025-01-17 UTC+2

USD/JPY: consejos simples para operar para traders principiantes el 10 de enero. Análisis de las operaciones de ayer en Forex

Análisis de las operaciones y consejos para operar con el yen japonés La prueba del nivel de precio 157.98 coincidió con el momento en que el indicador MACD había descendido

Jakub Novak 08:05 2025-01-10 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.