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
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
01.04.2025 11:29 AM
GBP/USD. April 1. A Month of Sideways Movement and the Threat of New Tariffs
Open trading account Open demo account

On the hourly chart, the GBP/USD pair continued to trade sideways on Monday. Currently, there is no dominance of either bulls or bears in the market. This has been the case for an entire month. The 1.2931 level is not strong, so it's not a point to look for trading opportunities.

This image is no longer relevant

The wave situation is completely clear. The last completed downward wave did not break the low of the previous wave, while the last upward wave broke the previous high. Thus, a "bullish" trend is still forming. Most traders still do not want to buy the U.S. dollar regardless of economic data, since Donald Trump continues to introduce new tariffs that are expected to hurt U.S. and global economic growth in the future. For the bullish trend to start transforming into a bearish one, a consolidation below the 1.2865 level is needed.

There was virtually no fundamental background on Monday. While Germany released some reports, the UK had nothing noteworthy. In the U.S., the Chicago Business Activity Index came out better than expected – 47.6 vs. the forecast of 45.2. However, this report provided little support to the bears. Traders are currently hesitant to act because Donald Trump may announce new import tariffs for the U.S. today or tomorrow. No one knows what these tariffs will be, and trying to predict Trump's decisions is like reading tea leaves. Therefore, most traders prefer to wait for the official announcement of new tariff measures before making decisions. Waiting is currently the best strategy. This week, Trump mentioned that he is considering reciprocal tariffs for all countries globally, but he could easily change his stance. The market is on hold.

This image is no longer relevant

On the 4-hour chart, the pair maintains a bullish trend. A strong drop in the pound is unlikely unless there's a breakout below the ascending channel. A rebound from the 38.2% Fibonacci level at 1.2994 will again work in favor of the dollar and a decline toward the 50.0% corrective level at 1.2861. However, the bullish divergence on the CCI indicator allows for a slight upward movement. On the hourly chart, the pair is clearly range-bound.

Commitments of Traders (COT) Report:

This image is no longer relevant

Sentiment among the "Non-commercial" trader category became more bullish in the latest reporting week. The number of long positions held by speculators increased by 13,075, while short positions declined by 1,806. Bears have lost their advantage in the market. The gap between long and short positions now stands at nearly 44,000 in favor of the bulls: 109,000 vs. 65,000.

In my view, the pound still has potential for a decline, but recent developments could cause the market to reverse in the long term. Over the past three months, the number of long positions has grown from 98,000 to 109,000, while short positions decreased from 78,000 to 65,000. More importantly, over the last 8 weeks, long positions rose from 59,000 to 109,000, while shorts fell from 81,000 to 65,000.

News Calendar for the U.S. and UK:

  • UK – S&P Manufacturing PMI (08:30 UTC)
  • U.S. – S&P Manufacturing PMI (13:45 UTC)
  • U.S. – ISM Manufacturing PMI (14:00 UTC)
  • U.S. – JOLTS Job Openings (14:00 UTC)

On Tuesday, the economic events calendar includes four key releases, each of which could significantly influence market sentiment throughout the day.

GBP/USD Forecast and Trader Tips:

Selling the pair is possible after a new rebound from the 1.3003 level on the hourly chart, with targets at 1.2931 and 1.2865, as the pair remains range-bound. Buying is possible after a rebound from the 1.2865 level, with targets at 1.2931 and 1.3003.

Fibonacci levels are built from 1.2809–1.2100 on the hourly chart and from 1.2299–1.3432 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
Analytical News
Domino effect: US tariffs slam markets, investors dump dollar, bonds Trump's China tariffs spark recession fears US Treasuries and dollar hit by sell-off, yields soar European stocks fall as US retaliatory tariffs take effect World markets face crisis-era volatility, stocks
Thomas Frank
11:20 2025-04-09 +02:00
1075
Analytical News
"Golden" Forecasts: Gold at $3,500, $3,700 – Higher and Higher? Gold forecasts are becoming increasingly dazzling in every sense, as analysts appear to be competing with one another over how high the precious metal could go. Rising geopolitical instability
Larisa Kolesnikova
11:07 2025-04-09 +02:00
1135
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

EUR/USD and GBP/USD – Technical Analysis for April 9

The bulls are attempting to regain control, and we are currently observing increased activity and a push toward the peak of the ongoing correction at 1.1147. A breakout above this
Evangelos Poulakis 10:07 2025-04-09 UTC+2

Technical Analysis of Intraday Price Movement Natural Gas Commodity Instrument, Wednesday, April 09, 2025.

On the 4-hour chart of the Natural Gas commodity instrument, a Bearish 123 pattern appears followed by a Bearish Ross Hook (RH) followed by a Natural Gas price movement below
Arief Makmur 07:11 2025-04-09 UTC+2

Technical Analysis of Intraday Price Movement of USD/CAD Commodity Currency Pair, Wednesday, April 09, 2025.

Although on the 4-hour chart the USD/CAD commodity currency pair is moving in a Bearish channel, but with the formation of a Bullish 123 pattern and being above
Arief Makmur 07:11 2025-04-09 UTC+2

EUR/USD Forecast for April 9, 2025

By the end of Tuesday, the euro gained 45 pips, and during today's Pacific session, it has added roughly the same amount, approaching the target level of 1.1027. If resistance
Laurie Bailey 04:31 2025-04-09 UTC+2

GBP/USD Forecast for April 9, 2025

On Tuesday, the British pound tested the lower boundary of the target range at 1.2816/47 with an upper shadow. This morning, the price managed to move inside this range
Laurie Bailey 04:31 2025-04-09 UTC+2

AUD/USD Forecast for April 9, 2025

The Australian dollar's attempts to rise on Monday and Tuesday towards the target level of 0.6133 were halted (as indicated by long upper shadows), but the pair is still pursuing
Laurie Bailey 04:31 2025-04-09 UTC+2

Trading Signals for GOLD (XAU/USD) for April 8-10, 2025: buy above $2,993 (200 EMA - rebound)

Our trading plan for the coming hours is to sell gold below 3,020, as technically there is a bearish trend channel. If gold fails to break above this level
Dimitrios Zappas 14:56 2025-04-08 UTC+2

Trading Signals for EUR/USD for April 8-10, 2025: sell below 1.0986 (200 EMA - 6/8 Murray)

If the euro breaks the downtrend channel, we could expect a new upward movement that could push EUR/USD up to 1.1051, last week's high, the 7/8 Murray at 1.1115
Dimitrios Zappas 14:54 2025-04-08 UTC+2

Forecast for EUR/USD on April 8, 2025

On Monday, the EUR/USD pair made two rebounds from the 76.4% retracement level, turned in favor of the euro, and consolidated above the 1.0944–1.0957 zone. As a result, the upward
Samir Klishi 10:57 2025-04-08 UTC+2

Forecast for GBP/USD on April 8, 2025

On the hourly chart, the GBP/USD pair continued its decline on Monday and ended the day near the 1.2709 level. Over just two trading days, the pound dropped by roughly
Samir Klishi 10:53 2025-04-08 UTC+2

Top analytics

Relevance up to 20:00 2025-04-09 UTC--4
GBP/USD Overview. April 9. Disinformation, Rumors, Fakes, and Opinions
02:55 2025-04-09
Fundamental analysis
Relevance up to 02:00 2025-04-10 UTC--4
GBP/USD: Simple Trading Tips for Beginner Traders on April 9. Review of Yesterday's Forex Trades
08:44 2025-04-09
Forecast
Relevance up to 22:00 2025-04-09 UTC--4
EUR/USD Forecast for April 9, 2025
04:31 2025-04-09
Technical analysis
Relevance up to 02:00 2025-04-10 UTC--4
USD/JPY: Simple Trading Tips for Beginner Traders on April 9. Review of Yesterday's Forex Trades
08:45 2025-04-09
Forecast
Relevance up to 20:00 2025-04-09 UTC--4
Trading Recommendations and Analysis for EUR/USD on April 9: The Market Is Getting Ready to Break Out Again
02:55 2025-04-09
Trading plan
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.