empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
Первые шаги
Полезные материалы
Обучения и записи
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Key documents
Social Responsibility
21.11.2024 07:44 AM
How to Trade the GBP/USD Pair on November 21? Simple Tips and Trade Analysis for Beginners
Open trading account Open demo account

Analysis of Wednesday's Trades

1H Chart of GBP/USD

This image is no longer relevant

The GBP/USD pair continued to trade within a horizontal channel on Wednesday, as seen in the chart above. The British pound had an excellent opportunity to correct upward and show decent growth but failed to capitalize on it. The UK inflation report exceeded expectations, indicating that the Bank of England will now almost certainly refrain from hastily easing its monetary policy—especially given its projections for rising inflation at the end of 2024 and the beginning of 2025. However, how can the pound rise when the market refuses to buy it?

This situation does not surprise us, as the pound sterling rose for nearly two years, often without apparent justification. For two years, the market priced in just one factor: the anticipated easing of monetary policy by the Federal Reserve. Now that the Fed has initiated this cycle, the market has no factors to justify selling the U.S. dollar

5M Chart of GBP/USD

This image is no longer relevant

On Wednesday, two less-than-ideal signals formed on the 5-minute timeframe. The price broke above the 1.2680–1.2685 range following the release of the inflation report, and traders could reasonably expect the pound to rise. However, the market took a different approach and resumed selling the pound. As a result, the decline began, but the price failed to reach the target levels, and the drop wasn't particularly strong.

Trading Strategy for Thursday:

The GBP/USD pair continues to lean downward on the hourly timeframe. In the medium term, we fully support a decline in the pound, as we believe this is the only logical scenario. The pound may attempt another correction soon, but for it to materialize, the currency needs substantial support. Last Thursday, it received no support from Jerome Powell, nor did it get any boost from macroeconomic data on Friday.

On Thursday, novice traders may expect a resumption of the downward movement, but it is important to note that the pair is currently in a flat market.

On the 5-minute TF, it is now possible to trade at 1.2502-1.2508, 1.2547, 1.2633, 1.2680-1.2685, 1.2754, 1.2791-1.2798, 1.2848-1.2860, 1.2913, 1.2980-1.2993. On Thursday, no significant events are scheduled in the UK or the U.S., so expecting the flat market to end or significant volatility is likely unrealistic.

Core Trading System Rules:

  1. Signal Strength: The strength of a signal is measured by the time it takes to form (a rebound or level breakthrough). The shorter the time, the stronger the signal.
  2. False Signals: If two or more trades near a level result in false signals, all subsequent signals from that level should be ignored.
  3. Flat Markets: Pairs may generate numerous false signals or none during a flat market. Stop trading at the first signs of a flat market.
  4. Trading Hours: Open trades between the start of the European session and the middle of the US session. Close all trades manually afterward.
  5. MACD Signals: Trade MACD signals on the hourly timeframe only when there is good volatility and a trend confirmed by trendlines or channels.
  6. Close Levels: If two levels are close (5–20 pips apart), treat them as a support or resistance area.
  7. Stop Loss: Place a Stop Loss at breakeven after the price moves 20 pips in the intended direction.

Key Chart Elements:

Support and Resistance Levels: Target levels for opening or closing positions. Take Profit orders can also be set here.

Red Lines: Channels or trendlines that show the current trend and the preferred trading direction.

MACD Indicator (14,22,3): A histogram and signal line that serve as supplementary trading signals.

Important Events and Reports: Found in the economic calendar, these can strongly influence price movements. During their release, trade cautiously or exit the market to avoid sharp reversals against the preceding trend.

Forex beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are critical for long-term success in trading.

Paolo Greco,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders on February 28th (U.S. Session) Trade Analysis and Recommendations for the Japanese Yen The test of 150.15 occurred when the MACD indicator had just started moving up from the zero mark, confirming the correct entry
Jakub Novak
15:36 2025-02-28 +02:00
1525
Forecast
GBP/USD: Simple Trading Tips for Beginner Traders on February 28th (U.S. Session) Trade Analysis and Recommendations for the British Pound The test of 1.2592 occurred when the MACD indicator had just started moving up from the zero mark, confirming the correct entry
Jakub Novak
15:13 2025-02-28 +02:00
1450
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD: Trading Plan for the U.S. Session on February 28th (Analysis of Morning Trades)

In my morning forecast, I focused on the 1.2607 level as a key decision point for entering the market. Looking at the 5-minute chart, the price moved higher but fell
Miroslaw Bawulski 11:50 2025-02-28 UTC+2

EUR/USD: Trading Plan for the U.S. Session on February 28th (Analysis of Morning Trades)

In my morning forecast, I focused on the 1.0404 level as a key decision point for entering the market. Looking at the 5-minute chart, we see that the price rise
Miroslaw Bawulski 11:46 2025-02-28 UTC+2

How to Trade the GBP/USD Pair on February 28? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of GBP/USD The GBP/USD pair declined on Thursday, despite having fewer reasons for this movement. Trump's tariffs against the EU do not directly affect
Paolo Greco 06:30 2025-02-28 UTC+2

How to Trade the EUR/USD Pair on February 28? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades 1H Chart of EUR/USD On Thursday, the EUR/USD currency pair initially consolidated below the ascending trendline before starting to decline, as anticipated. Several factors contributed
Paolo Greco 06:30 2025-02-28 UTC+2

Trading Recommendations and Analysis for GBP/USD on February 28: The Pound is Also Preparing to Decline

The GBP/USD pair also declined on Thursday, although its volatility was lower than that of the EUR/USD, resulting in a more modest drop. The price struggled initially but eventually broke
Paolo Greco 02:49 2025-02-28 UTC+2

Trading Recommendations and Analysis for EUR/USD on February 28: The Euro Waited for the Right Moment and Plunged

The EUR/USD currency pair experienced a significant drop on Thursday. For over a week, the price had been hovering near the upper boundary of a sideways channel on the daily
Paolo Greco 02:49 2025-02-28 UTC+2

GBP/USD: Trading Plan for the US Session on February 27th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.2680 level as a key reference point for entering the market. Looking at the 5-minute chart, the upward movement occurred, but the price
Miroslaw Bawulski 15:11 2025-02-27 UTC+2

EUR/USD: Trading Plan for the U.S. Session on February 27th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.0491 level as a key area for market entry decisions. A review of the 5-minute chart shows that although there was an upward
Miroslaw Bawulski 14:50 2025-02-27 UTC+2

How to Trade the GBP/USD Pair on February 27? Simple Tips and Trade Analysis for Beginners

Analysis of Wednesday's Trades 1H Chart of GBP/USD On Wednesday, GBP/USD attempted to continue its upward movement, but this trend is starting to look questionable. Previously, we noted that
Paolo Greco 06:32 2025-02-27 UTC+2

How to Trade the EUR/USD Pair on February 27? Simple Tips and Trade Analysis for Beginners

Analysis of Wednesday's Trades 1H Chart of EUR/USD The EUR/USD currency pair traded flat on Wednesday, breaking the ascending trend line. However, it is important to note that a trendline
Paolo Greco 06:32 2025-02-27 UTC+2

Top analytics

Relevance up to 02:00 2025-03-05 UTC--5
The Anticipated Peace in Europe Is Expected to Drive Gold Prices Lower
09:38 2025-02-28
Technical analysis
Relevance up to 01:00 UTC--5
The Risk of U.S. Economic Stagflation Resurfaces (Potential Decline in Bitcoin and Rise in #USDX)
10:34 2025-02-28
Fundamental analysis
Relevance up to 08:00 2025-03-14 UTC--4
Trading Signals for EUR/USD for February 28, 2025: sell below 1.0430 (200 EMA - 5/8 Murray)
14:53 2025-02-28
Technical analysis
Relevance up to 08:00 2025-03-14 UTC--4
Trading Signals for GOLD (XAU/USD) for February 28, 2025: buy above $2,844 (200 EMA - oversold)
14:56 2025-02-28
Technical analysis
Relevance up to 02:00 2025-03-05 UTC--5
Stock market throws in towel
09:49 2025-02-28
Fundamental analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.