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02.04.202609:00 Forex Analysis & Reviews: GBP/USD: Simple Trading Tips For Beginner Traders On April 2. Analysis Of Yesterday's Forex Trades

Relevance up to 02:00 2026-04-03 UTC--4

Analysis Of Trades And Trading Tips For The British Pound

The test of the price at 1.3328 occurred when the MACD indicator had risen significantly from the zero mark, which limited the pair's upward potential. The second test of 1.3328 led to the implementation of Sell Scenario #2 for the pound, resulting in a decline of the pair to around 1.3294.

Yesterday's trading day was marked by a resumption of the British pound's decline, a direct reaction to contradictory statements by US President Donald Trump. In his address to the nation, the head of the White House initially expressed hope for the imminent end of the military conflict in Iran, but immediately added that the United States plans to begin new attacks on the country within the next two to three weeks. This duality in rhetoric heightened uncertainty in global markets, prompting investors to once again refrain from risky investments.

Investors, fearing a further escalation of tensions in the Middle East, began moving funds into safer instruments, such as the US dollar, which led to the weakening of the British pound.

Today's trading session is likely to continue yesterday's trend, marked by a significant decline in the pair. With no major economic data from the UK expected, the existing information vacuum will continue to negatively affect the dynamics of the GBP/USD pair.

As for the intraday strategy, I will focus on implementing Buy Scenarios #1 and #2.

Exchange Rates 02.04.2026 analysis

Buy Scenarios

Scenario #1: I plan to buy the pound today upon reaching the entry point at 1.3219 (green line on the chart), with a target at 1.3243 (thicker green line on the chart). At the level of 1.3243, I intend to exit my long positions and open short positions back (anticipating a movement of 30-35 pips in the opposite direction from the level). It is unlikely that the pound will rise significantly today. Important! Before buying, ensure the MACD indicator is above the zero mark and just starting to rise from it.

Scenario #2: I also plan to buy the pound today if there are two consecutive tests of 1.3197 when the MACD indicator is in the oversold area. This will limit the downward potential of the pair and lead to a market reversal upwards. A rise to the opposite levels of 1.3219 and 1.3243 can be expected.

Sell Scenarios

Scenario #1: I plan to sell the pound today after it reaches 1.3197 (red line on the chart), which will trigger a rapid decline in the pair. The key target for sellers will be the 1.3164 level, where I plan to exit my shorts and immediately buy back (anticipating a 20-25-pip move in the opposite direction from that level). Pressure on the pound could return at any moment. Important! Before selling, ensure the MACD indicator is below the zero mark and just starting to decline from it.

Scenario #2: I also plan to sell the pound today if there are two consecutive tests of 1.3219 when the MACD indicator is in the overbought area. This will limit the upward potential of the pair and lead to a market reversal downwards. A decline to the opposite levels of 1.3197 and 1.3164 can be expected.

Exchange Rates 02.04.2026 analysis

What Is On The Chart:
  • Thin green line – the entry price at which the trading instrument can be bought;
  • Thick green line – the expected price where Take Profit can be set, or profits can be secured, as further growth above this level is unlikely;
  • Thin red line – the entry price at which the trading instrument can be sold;
  • Thick red line – the expected price where Take Profit can be set, or profits can be secured, as further decline below this level is unlikely;
  • MACD Indicator. It is important to be guided by overbought and oversold zones upon entering the market.

Important: Beginner traders in the Forex market need to be very cautious when making entry decisions. It is best to be out of the market before important fundamental reports are released to avoid being caught in sharp price fluctuations. If you choose to trade during news releases, always set stop orders to minimize losses. Without setting stop orders, you can quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

And remember, for successful trading, it is essential to have a clear trading plan, like the one presented above. Spontaneous trading decisions based on the current market situation are inherently a losing strategy for intraday traders.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Jakub Novak,
Analytical expert of InstaSpot
© 2007-2026
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