Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
The GBP/USD pair rose sharply on Thursday, and the British currency had valid reasons for doing so. A month and a half ago, the Bank of England decided to keep the key interest rate unchanged, but four out of nine governors voted in favor of easing. At that time, the British pound fell sharply, as the market expected only two votes in favor of a rate cut. Yesterday, the BoE decided to keep the key rate unchanged, but this time there were exactly zero votes in favor of easing, although the market again anticipated two "dovish" votes. Therefore, in our view, the rise of the British currency was entirely justified. Moreover, the pound likely contributed to the rise of the euro, as both pairs continue to exhibit a high degree of correlation. Most importantly, the market finally acknowledged the "bullish" factor, having ignored virtually all positive information about the British pound for the past month and a half. The descending trendline has been breached, so from a technical standpoint, growth is also expected.
On the 5-minute time frame, several decent signals were generated on Thursday. During the European trading session, a buy signal formed in the 1.3259-1.3267 range, leading to prolonged growth. Unfortunately, around 1.3319-1.3331, the price generated a false sell signal. There were no losses from it (the price moved down 20 pips), but it disrupted traders' rhythm, forcing them to close their longs and open shorts. Shortly after, the area of 1.3319-1.3331 was broken, and by the end of the day, the British pound continued to rise. Thus, traders could have made at least 100 pips in profit.
On the hourly time frame, the GBP/USD pair may finally begin to form an upward trend. There are no global grounds for medium-term dollar growth, so we expect a resumption of the global upward trend from 2025 in 2026, which could push the pair to a low of 1.4000. In any case, the market has been completely focused on the war in the Middle East in recent weeks, but this factor cannot support the dollar indefinitely, and there are no other supports for it.
On Friday, novice traders may consider opening short positions if the price consolidates below the 1.3403-1.3407 range, targeting 1.3319-1.3331. A bounce from the area of 1.3403-1.3407 will allow for opening long positions with targets at 1.3437-1.3446 and 1.3484-1.3489.
On the 5-minute time frame, the following levels can be considered: 1.3096-1.3107, 1.3203-1.3212, 1.3259-1.3267, 1.3319-1.3331, 1.3403-1.3407, 1.3437-1.3446, 1.3484-1.3489, 1.3529-1.3543, 1.3643-1.3652, 1.3695, and 1.3741-1.3751. There are no significant events or reports scheduled in the UK or the US on Friday, leaving traders with nothing substantial to react to throughout the day.
Price levels of support and resistance are levels that serve as targets when opening buys or sells. Take Profit levels can be placed around them.
Red lines represent channels or trend lines that show the current trend and indicate the direction in which it is preferable to trade now.
The MACD indicator (14,22,3) – the histogram and the signal line – is a supporting indicator that can also be used as a source of signals.
Important speeches and reports (always included in the news calendar) can significantly affect the movement of the currency pair. Therefore, during their release, trading should be done with utmost caution, or traders should exit the market to avoid sharp price reversals against the previous movement.
Beginning traders in the forex market should remember that not every trade can be profitable. Developing a clear strategy and effective money management are the keys to long-term trading success.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
