empty
04.04.2025 05:34 AM
GBP/USD Forecast for April 4, 2025

By the end of yesterday, the British pound had risen by 92 pips, with a peak gain of 204 pips. The price reached the target range of 1.3184–1.3208 before retreating to the support level 1.3101. This is a convenient area to await today's U.S. employment data, as it sits near the midpoint of the 1.3001–1.3208 range.

The forecast for new nonfarm jobs in March is 137,000, down from 151,000 in February. Unemployment is expected to remain unchanged at 4.1%.

If the data comes close to forecasts, the pound could decline due to the relative speed at which U.S. bond yields are falling compared to those in the UK. U.S. 5-year Treasury yields are at 3.40%, while their UK counterparts yield 4.10%.

This image is no longer relevant

The nearest downside target for the pound is 1.3001. Additionally, the Marlin oscillator is rising much more slowly than March 3–6, signaling a possible transition to either consolidation or a reversal. A break below 1.3001 would push the oscillator into negative territory, opening the way to the target range of 1.2816–1.2847.

This image is no longer relevant

On the H4 chart, the price is beginning to consolidate below the 1.3101 level. Marlin is declining, indicating a bearish bias. A drop below 1.3001 would also signify a break of the MACD line. As of this morning, the outlook is bearish. We await the release of U.S. employment data. Weak figures followed by price growth could lead the pound toward the target level of 1.3311.

Laurie Bailey,
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
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Bitcoin: Dollar Strength Could Trigger a Downturn in the Crypto Market

Today, the market's main focus will be the release of the U.S. inflation report, which is expected to show not only a halt in the recent decline but the highest

Pati Gani 11:47 2025-06-11 UTC+2

EUR/USD. June 11th. The U.S. and China Agreed on Nothing

On Tuesday, the EUR/USD pair continued to move sideways between the levels of 1.1380 and 1.1454. A new rebound from the 61.8% Fibonacci retracement level at 1.1380 enabled another rise

Samir Klishi 11:12 2025-06-11 UTC+2

GBP/USD. June 11th. UK Unemployment and US Inflation

On the hourly chart, the GBP/USD pair continued its decline on Tuesday, consolidated below the 161.8% Fibonacci level at 1.3520, and rebounded from it from below. Thus, the decline

Samir Klishi 10:56 2025-06-11 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday June 11, 2025.

From what is seen on the 4-hour chart, the AUD/JPY cross currency pair appears to have a Divergence between the AUD/JPY price movement and the Stochastic Oscillator indicator, so based

Arief Makmur 09:28 2025-06-11 UTC+2

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Wednesday June 11, 2025.

There are some interesting facts about USD/IDR at the moment, first the price movement of USD/IDR is moving below WMA (21), second the appearance of Bearish 123 pattern followed

Arief Makmur 09:28 2025-06-11 UTC+2

Trading Signals for BITCOIN (BTC/USD) for June 11-13: sell below $110,700 (21 SMA - 200 EMA)

Bitcoin is trading around 110,726, undergoing a technical correction after reaching 110,726, a level seen at the end of May. Bitcoin has formed a double top pattern, so we believe

Dimitrios Zappas 05:16 2025-06-11 UTC+2

Trading Signals for GOLD (XAU/USD) for June 11-14: 2025 sell below $3,340 (21 SMA - 7/8 Murray)

Early in the European session, gold is trading around 3,334, showing exhaustion, as it bounced above 3,300 during yesterday's American session. This price level for gold

Dimitrios Zappas 05:09 2025-06-11 UTC+2

EUR/USD Forecast for June 11, 2025

Yesterday, the US dollar attempted to push the euro below key technical support levels marked by the daily Balance and MACD indicator lines, but the euro withstood the pressure

Laurie Bailey 04:41 2025-06-11 UTC+2

GBP/USD Forecast for June 11, 2025

Yesterday's employment data from the UK for May showed an increase in the unemployment rate from 4.5% to 4.6%, along with a rise in jobless claims by 33,100

Laurie Bailey 04:41 2025-06-11 UTC+2

Silver Forecast for June 11, 2025

Over the past seven sessions, silver has made a significant upward move, yet the growth potential remains far from exhausted. The target at 38.500 — the upper boundary

Laurie Bailey 04:41 2025-06-11 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

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.