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
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders – July 11th (U.S. Session) Trade Review and Tips for Trading the Japanese Yen The price test at 146.83 occurred when the MACD indicator had already moved far below the zero line, limiting the pair's
Jakub Novak
13:49 2025-07-11 +02:00
1240
Forecast
GBP/USD: Simple Trading Tips for Beginner Traders – July 11th (U.S. Session) Trade Review and Tips for Trading the British Pound The price test at 1.3547 occurred when the MACD indicator had just begun moving downward from the zero line, confirming
Jakub Novak
13:06 2025-07-11 +02:00
1510
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 July 11, 2025

On Thursday, the EUR/USD pair continued its decline toward the 1.1645 level, while the 127.2% Fibonacci corrective level at 1.1712 was largely ignored by traders. A rebound from 1.1645 would
Samir Klishi 12:44 2025-07-11 UTC+2

Forecast for GBP/USD on July 11, 2025

On the hourly chart, the GBP/USD pair on Thursday rebounded from the resistance zone of 1.3611–1.3633 and resumed its decline toward the 127.2% Fibonacci level at 1.3527. A rebound from
Samir Klishi 12:20 2025-07-11 UTC+2

Despite the potential for a correction, gold still has the potential to strengthen today, Friday, July 11, 2025.

XAU/USD, Friday, July 11, 2025. Although it appears to have corrected due to being held at Resistance 1, the continued strength of XAU/USD's technical and fundamental conditions provides an opportunity
Arief Makmur 08:00 2025-07-11 UTC+2

EUR/USD Forecast for July 11, 2025

EUR/USD On the weekly chart, we observe a set of reversal signals: divergence, a trend shift in the Fibonacci time zone, and a price rebound from the intersection
Laurie Bailey 07:09 2025-07-11 UTC+2

GBP/USD Forecast for July 11, 2025

GBP/USD On the monthly chart, the British pound reversed from the 161.8% Fibonacci reaction level, calculated from the upper boundary of the global 18-year price channel, immediately after
Laurie Bailey 06:46 2025-07-11 UTC+2

USD/CAD Forecast for July 11, 2025

USD/CAD The Canadian dollar had been consolidating for three days before today's upward breakout during the Pacific session. The price has already pierced the balance line with its upper shadow
Laurie Bailey 06:42 2025-07-11 UTC+2

Forecast for EUR/USD on July 10, 2025

On Wednesday, the EUR/USD pair continued to move along a trajectory known only to itself. The 127.2% Fibonacci correction level at 1.1712 was once again ignored by traders. I still
Samir Klishi 12:21 2025-07-10 UTC+2

Forecast for GBP/USD on July 10, 2025

On the hourly chart, the GBP/USD pair continued its upward movement on Wednesday after rebounding from the 127.2% Fibonacci corrective level at 1.3527. The rebound was precise, leading
Samir Klishi 10:35 2025-07-10 UTC+2

GBP/JPY. Analysis, Forecast, and Current Market Situation

On Thursday, the GBP/JPY pair is regaining upward momentum and shows readiness for further growth. The formation of an ascending channel confirms the stability of the bullish trend. During
Irina Yanina 10:22 2025-07-10 UTC+2

If the resistance level of 0.7964 holds back its upward movement, USD/CHF has the potential to weaken on Thursday, July 10, 2025.

USD/CHF, Thursday, July 10, 2025 In addition to rumors of a planned Fed interest rate cut and falling US government bond yields, USD/CHF weakened today. Key Levels 1. Resistance
Arief Makmur 06:47 2025-07-10 UTC+2
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.