empty
01.04.2025 10:55 AM
GBP/USD: Simple Trading Tips for Beginner Traders on April 1 – Forex Trade Review

Trade Review and British Pound Trading Tips

The test of the 1.2939 level occurred just as the MACD indicator began moving down from the zero line, confirming a correct entry point for selling the pound, which resulted in a decline to the target level of 1.2896. A bounce-buy from that level yielded about 20 more points in profit.

Today, important data on the UK Manufacturing PMI for March is expected. In recent months, the British economy has shown signs of slowing, particularly in the manufacturing sector. Although inflation is decreasing, it remains high, putting pressure on consumer spending and business activity. Global economic uncertainty and trade relations are also negatively affecting UK manufacturing orders and investment. If the PMI data comes in below expectations, it will confirm concerns about further economic deterioration. In that case, the Bank of England may be forced to reconsider its monetary policy and possibly continue cutting interest rates. Weak economic data, combined with a potential shift in the BoE's stance, could create conditions for a weakening of the pound.

The speech by Megan Greene may shed light on the current sentiment within the Monetary Policy Committee regarding the future direction of monetary policy. Recently, there has been some uncertainty about the outlook for future policy, so any signals from MPC members will be closely analyzed by the market. Particular attention should be paid to her evaluation of recent economic data, including inflation, employment, and GDP figures.

As for the intraday strategy, I'll mainly rely on implementing Scenarios #1 and #2.

This image is no longer relevant

Buy Scenarios

Scenario #1: I plan to buy the pound today upon reaching the entry point around 1.2945 (green line on the chart), targeting a rise to 1.2980 (thicker green line on the chart). Around 1.2980, I plan to exit long positions and open short positions in the opposite direction (targeting a 30–35 point pullback). The pound's growth today is only likely after strong economic data. Important: Before buying, make sure the MACD indicator is above the zero line and just beginning to rise.

Scenario #2: I also plan to buy the pound today in case of two consecutive tests of the 1.2925 level while the MACD indicator is in oversold territory. This will limit the downward potential of the pair and lead to a market reversal upward. Growth to the opposite levels of 1.2945 and 1.2980 can be expected.

Sell Scenarios

Scenario #1: I plan to sell the pound today after breaking below the 1.2925 level (red line on the chart), which will likely trigger a sharp decline in the pair. The main target for sellers will be 1.2891, where I plan to exit short positions and open long positions immediately (targeting a 20–25 point pullback). Selling the pound is better done from higher levels. Important: Before selling, make sure the MACD indicator is below the zero line and just beginning to decline.

Scenario #2: I also plan to sell the pound today in case of two consecutive tests of the 1.2945 level while the MACD is in overbought territory. This will limit the pair's uward potential and lead to a downward market reversal. A drop to the opposite levels of 1.2925 and 1.2891 can be expected.

This image is no longer relevant

Chart Key:

  • Thin green line – entry price for buying the trading instrument
  • Thick green line – projected price for placing Take Profit or manually securing profit, as further growth is unlikely beyond this level
  • Thin red line – entry price for selling the trading instrument
  • Thick red line – projected price for placing Take Profit or manually securing profit, as further decline is unlikely below this level
  • MACD indicator – it is crucial to consider overbought and oversold zones when entering the market

Important: Beginner Forex traders must be very cautious when deciding to enter the market. It's best to stay out before important fundamental reports are released to avoid sharp price swings. If you decide to trade during news releases, always place stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit—especially if you're not using money management and trading large volumes. And remember: to trade successfully, you need a clear trading plan—like the one I've presented above. Making spontaneous trading decisions based on the current market situation is an inherently losing strategy for intraday traders.

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.