ہمارے ٹیم میں 7000000 سے ذائد تاجران شامل ہیں
ہم تجارت کی بہتری کے لئے ہر روز اکھٹے کام کرتے ہیں اور بہترین نتائج حاصل کرتے ہوئے آگے کی جانب بڑھتے ہیں
دُنیا بھر سے سے لاکھوں ہمارے بہترین کام کو سند عطاء کرتے ہیں آپ اپنا انتحاب کریں باقی ہم آپ کی توقعات پر پورا اترنے کے لئے اپنی بہترین کوشش کریں گے
ہم مل کر ایک بہترین ٹیم بناتے ہیں
انسٹا فاریکس آپ سے کام کرتے ہوئے فخر محسوس کرتا ہے
ایکٹر - یو سی ایف 6 ٹورنامنٹ چیمپین اور واقعی ہیرو
ایک فرد کے جس نے اپنا آپ منوایا ہے وہ فرد کہ جو ہماری راہ پر چلا ہے.
ٹکٹا روو کی کامیابی کا راز یہ ہے کہ وہ اپنے اہداف کی جانب مسلسل بڑھتا رہتا ہے
اپنے ہنر یا ٹیلنٹ کے تمام پہلو آشکار کررہے ہیں
پہچانیں ، کوشش کریں ، ناکام ہوں لیکن کبھی نہ رُکیں
انسٹا فاریکس آپ کی کامیابی کی کہاں یہاں سے شروع ہوتی ہے
On the hourly chart, GBP/USD continued to advance on Thursday and ended the day near the 1.3454–1.3458 resistance level. A rebound from this area would favor the U.S. dollar and could trigger a decline toward the 38.2% Fibonacci retracement level at 1.3397. A consolidation above the 1.3454–1.3458 resistance level would increase the likelihood of a continued advance toward the next resistance level at 1.3526–1.3557.
The wave structure remains bearish. The most recently completed upward wave failed to break above the previous high, while the latest downward wave broke below the previous low. As a result, bears have taken control of the market, although they may lose that advantage in the near term. In my view, the bearish impulse that has dominated since the beginning of 2026 is nearing completion, and only geopolitical developments could prevent bulls from extending their advance.
Thursday's news flow was mixed, but it ultimately favored the bulls. A day earlier, the market interpreted the outcome of the Federal Reserve meeting as negative for the U.S. dollar and began to question the likelihood of monetary policy tightening in September. Yesterday, however, the Bank of England's Monetary Policy Committee (MPC) adopted a more hawkish tone than traders had expected and made it clear that it anticipates higher inflation that will require a policy response. As a result, the Bank of England effectively signaled that an interest rate hike in the second half of the year remains a highly likely scenario—something neither the FOMC nor Kevin Warsh was prepared to indicate. Additional pressure on the U.S. dollar came from the PCE inflation and GDP reports. U.S. GDP expanded by only 1.5% quarter-on-quarter in the second quarter, well below the 2.1% expected by the market, while the core Personal Consumption Expenditures (PCE) Price Index increased by just 0.1% in June, compared with the 0.2% forecast. These figures indicate that underlying inflation remains relatively subdued, while the U.S. economy has recorded modest growth over the past three quarters. It is also worth noting that the U.S. labor market has delivered underwhelming results over the past three months. Taken together, these factors further undermine expectations of Federal Reserve policy tightening this autumn, forcing the U.S. dollar to retreat.
On the 4-hour chart, GBP/USD has advanced to the 38.2% Fibonacci retracement level at 1.3467. A rebound from this level would favor the U.S. dollar and could trigger a decline toward the 50.0% Fibonacci level at 1.3409. A consolidation above the 1.3467–1.3482 resistance level would support further gains toward the next 23.6% Fibonacci retracement level. No developing divergences are currently visible on any of the technical indicators.
Commitments of Traders (COT) Report
Sentiment among the Non-commercial group became less bearish during the latest reporting week, although it remains negative overall. Speculators increased their long positions by 13,197 contracts while reducing their short positions by 2,495. Non-commercial traders currently hold approximately 64,000 long positions versus 119,000 short positions. The gap between long and short positions continues to narrow, reducing the bears' advantage. While bearish dominance previously appeared unquestionable, the changing fundamental backdrop now calls that outlook into question.
I still do not expect a sustained bearish trend for the British pound. However, in the near term, market direction will depend less on economic data, Trump's trade policy, or central bank monetary policy than on the duration, scale, and consequences of the conflict in the Middle East. In recent months, markets had become increasingly optimistic about the prospects for peace, but negotiations between Iran and the United States collapsed before making meaningful progress. There is no guarantee that talks will resume in the near future.
Economic Calendar
There are no scheduled economic releases for either the United States or the United Kingdom on July 31. As a result, economic data are unlikely to influence market sentiment on Friday.
GBP/USD Forecast and Trading Tips
Short positions may be considered if the pair rebounds from the 1.3454–1.3458 resistance level on the hourly chart, with downward targets at 1.3397 and 1.3348. Long positions became valid after the pair consolidated above 1.3348, with targets at 1.3397 and 1.3458. Both targets have been reached. New long positions may be considered if the pair closes above the 1.3454–1.3458 resistance level, with upward targets at 1.3526–1.3557.
The Fibonacci retracement levels are plotted from 1.3140 to 1.3557 on the hourly chart and from 1.3158 to 1.3655 on the 4-hour chart.
*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.
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