empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
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
How to start trading
Useful information
Training and recordings
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
Headquarters
Key documents
Social Responsibility
07.04.2025 07:08 PM
Forecast for GBP/USD on April 7, 2025
Open trading account Open demo account

On the hourly chart, the GBP/USD pair reversed in favor of the U.S. dollar on Friday and fell from the 1.3151 level to 1.2865 — a 300-point move in a single day. Today, the pair is trading between 1.2865 and 1.2931 but could once again "explode" in either direction. The market is in a state of panic and chaos — and the forex market is still faring better than others. Just look at what's happening in stocks and crypto.

This image is no longer relevant

The wave structure is perfectly clear. The last completed upward wave broke the previous high, and the new downward wave easily broke the previous low. This may suggest a trend reversal to bearish. However, considering recent developments, the strength of the moves, and the frequency of trend shifts, I wouldn't jump to such conclusions just yet. In my view, market sentiment could change five more times just this week. Everything depends on how the trade war unfolds.

Friday's news background can be considered conditionally positive for the dollar. It wasn't even U.S. economic statistics that threw the dollar a lifeline — in the current environment, those numbers barely matter to traders. Everything in the markets revolves around Donald Trump's actions and the global trade war. However, the market couldn't ignore the speech by FOMC Chair Jerome Powell.

Powell made it clear that the Fed does not intend to follow Trump's calls to cut interest rates due to a potential economic downturn. While recession is possible, the Fed needs more information on the impact of tariffs before adjusting monetary policy. As always, FOMC decisions will be based solely on economic data. The Fed's main goal remains achieving a 2% inflation rate. Since Trump's actions are likely to spur global inflation, monetary easing is unlikely in the near term. That's positive news for dollar bears — but how long will it hold?

This image is no longer relevant

On the 4-hour chart, the pair maintains a bullish trend. A sharp fall in the pound is unlikely until the pair closes below the ascending channel. A close below the 61.8% Fibonacci retracement level at 1.2925 would allow for a further decline toward the 50.0% level at 1.2767. Conversely, a close above 1.2925 would support renewed growth toward 1.3044.

Commitments of Traders (COT) Report:

This image is no longer relevant

The sentiment of the Non-commercial category became less bullish last week. Long positions among speculators fell by 4,030 and Short positions rose by 5,627. The gap between Long positions and Short positions now stands at 35,000 in favor of bulls: 105,000 vs. 70,000.

In my view, the pound still faces downward potential, but recent developments could force a long-term market reversal. Over the past three months, Long positions rose from 80,000 to 105,000, while Shorts fell from 80,000 to 70,000. More importantly, over the past 9 weeks, Long positions rose from 59,000 to 105,000, and Short positions dropped from 81,000 to 70,000.

Economic Calendar for the U.S. and U.K.:

There are no notable economic events scheduled for Monday. Therefore, news background will not influence market sentiment today.

GBP/USD Forecast and Trading Tips:

Sell the pair today upon a close below 1.2865, with targets at 1.2810 and 1.2709.

Buy the pair after a rebound from 1.2865 on the hourly chart, targeting 1.2931 and 1.3003. However, keep in mind — market chaos is more than enough right now.

Fibonacci levels were plotted from 1.2809 to 1.2100 on the hourly chart and from 1.3431 to 1.2104 on the 4-hour chart.

Samir Klishi,
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
Fundamental analysis
AUD/JPY. Analysis and Forecast The AUD/JPY pair has been under selling pressure for the third consecutive day, reaching an almost two-week low around 92.30 during Friday's Asian session. After a sharp drop, spot prices
Irina Yanina
12:53 2025-06-13 +02:00
1015
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders – June 13th (U.S. Session) Trade Review and Tips for Trading the Japanese Yen None of the levels I marked were tested in the first half of the day, so I had no trades. Given
Jakub Novak
12:49 2025-06-13 +02:00
1030
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

Forecast for EUR/USD on June 13, 2025

On Thursday, the EUR/USD pair continued its upward movement and consolidated above the 100.0% Fibonacci retracement level at 1.1574. However, during the night, a sharp reversal occurred in favor
Samir Klishi 11:52 2025-06-13 UTC+2

Forecast for GBP/USD on June 13, 2025

On the hourly chart, the GBP/USD pair on Thursday rebounded from the 1.3520 level, surged to the resistance zone of 1.3611–1.3620, bounced off it twice, and then fell back
Samir Klishi 11:49 2025-06-13 UTC+2

EUR/USD. June 12. A Setback for the Dollar

Good day, dear traders! On Wednesday, the EUR/USD pair continued its upward movement after rebounding from the support zone of 1.1374–1.1380. It successfully consolidated above the 76.4% Fibonacci retracement level
Samir Klishi 10:15 2025-06-12 UTC+2

GBP/USD. June 12. British Economy Falters

Good day, dear traders! On the hourly chart, on Wednesday, the GBP/USD pair reversed in favor of the British pound and consolidated above the 161.8% Fibonacci retracement level at 1.3520
Samir Klishi 10:15 2025-06-12 UTC+2

Technical Analysis of Daily Price Movement Crude Oil Commodity Instrument, Thursday June 12, 2025.

If we look at the daily chart of the Crude Oil commodity instrument, there appears to be a Divergence between the price movement of #CL and the Stochastic Oscillator indicator
Arief Makmur 08:10 2025-06-12 UTC+2

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday June 12, 2025.

On the 4-hour chart of the Nasdaq 100 index, there is a divergence between its price movement and the Stochastic Oscillator indicator, especially with the current confirmation of the price
Arief Makmur 08:10 2025-06-12 UTC+2

Trading Signals for EUR/USD for June 12-19, 2025: sell below 1.1500 (21 SMA - 8/8 Murray)

If the euro price falls below 1.1500 in the coming hours, this could be seen as an opportunity to sell. Technically, it appears overbought on the H4 chart and could
Dimitrios Zappas 05:33 2025-06-12 UTC+2

Trading Signals for GOLD (XAU/USD) for June 12-19, 2025: sell below $3,386 (21 SMA - 7/8 Murray)

The XAU/USD trend remains bullish as long as the price consolidates above 3,331. Therefore, it would be prudent to buy gold as long as the price consolidates above 3,359, where
Dimitrios Zappas 05:32 2025-06-12 UTC+2

EUR/USD Forecast for June 12, 2025

The U.S. inflation data released on Wednesday stirred the markets: the dollar index dropped by 0.47%, WTI oil surged by 5.54%, gold rose by 1.27%, and 5-year U.S. Treasury yields
Laurie Bailey 04:40 2025-06-12 UTC+2

GBP/USD Forecast for June 12, 2025

On Wednesday, the British pound successfully avoided a decline below technical support levels, reversing upward from them. The price rebounded from the MACD indicator line on the daily chart, while
Laurie Bailey 04:40 2025-06-12 UTC+2

Top analytics

Relevance up to 19:00 2025-06-13 UTC--5
EUR/USD Overview – June 13: America's Economy Gets Lucky
03:41 2025-06-13
Fundamental analysis
Relevance up to 19:00 2025-06-13 UTC--5
Trading Recommendations and Analysis for GBP/USD on June 13: Weak GDP Spoiled the Picture for the Pound.
03:41 2025-06-13
Trading plan
Relevance up to 19:00 2025-06-13 UTC--5
Trading Recommendations and Analysis for EUR/USD on June 13: Trump Warns of Tariff Hikes
03:40 2025-06-13
Trading plan
Relevance up to 01:00 2025-06-14 UTC--5
USD/JPY: Simple Trading Tips for Beginner Traders on June 13. Review of Yesterday's Forex Trades
09:04 2025-06-13
Forecast
Relevance up to 19:00 2025-06-13 UTC--5
GBP/USD Overview – June 13: The Court Won't Stop Donald Trump!
03:41 2025-06-13
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.