empty
07.02.2025 01:55 PM
GBP/USD: Simple Trading Tips for Beginner Traders on February 7th (U.S. Session)

Trade Analysis and Recommendations for the British Pound

The 1.2435 price test occurred when the MACD indicator had just started moving upward from the zero mark, confirming a valid entry point for buying the pound, which resulted in a 30+ point increase in the pair.

During the European session, the British pound showed resilience and continued to rise, partially recovering from the sharp drop triggered by yesterday's Bank of England rate cut. Expectations of upcoming economic data also play a crucial role in supporting GBP/USD's bullish momentum.

However, more critical statistics lie ahead, which could disrupt the plans of risk-asset buyers. U.S. Nonfarm Payrolls (NFP) is one of the key indicators of economic health, reflecting labor market activity. An increase in employment in this sector may indicate economic recovery and rising consumer demand. The unemployment rate is equally significant, as low unemployment often leads to higher wages and stronger consumer spending. The University of Michigan Consumer Sentiment Index will provide insights into public perception of economic conditions. Higher optimism signals positive economic momentum, while weak data could trigger market uncertainty. Inflation expectations will also shape sentiment. If inflation forecasts exceed expectations, it could trigger pound selling and boost demand for the U.S. dollar.

For intraday trading, I will focus on Scenario #1 and Scenario #2.

This image is no longer relevant

Buy Signal

Scenario #1: Buy GBP/USD at 1.2467 (green line) with a target of 1.2513. At 1.2513, I will exit long positions and consider selling for a 30-35 point pullback. A bullish move is likely only after weak U.S. data.

Important! Before buying, ensure that the MACD indicator is above zero and just starting to rise.

Scenario #2: Buy GBP/USD after two consecutive tests of 1.2439 if the MACD indicator is in the oversold zone. This will limit downward potential and likely trigger a reversal upward. Target levels: 1.2467 and 1.2513.

Sell Signal

Scenario #1: Sell GBP/USD after it breaks below 1.2439 (red line), triggering a sharp decline with a target level of 1.2392, where I will exit shorts and consider a reversal buy (for a 20-25 point retracement). Selling pressure could increase if U.S. data is strong.

Important! Before selling, ensure that the MACD indicator is below zero and just starting to decline.

Scenario #2: Sell GBP/USD after two consecutive tests of 1.2467, if the MACD indicator is in the overbought zone. This would limit the upward potential and signal a market reversal downward. Target levels: 1.2439 and 1.2392.

This image is no longer relevant

Chart Explanation

  • Thin green line: Entry price for long trades.
  • Thick green line: Take profit level (growth beyond this level is unlikely).
  • Thin red line: Entry price for short trades.
  • Thick red line: Take profit level (further downside is unlikely).
  • MACD Indicator: Key signal for overbought and oversold conditions.

Important Notes for Beginner Traders

Exercise caution when making trading decisions. Avoid entering positions before major economic reports to prevent getting caught in sharp price fluctuations. If you trade during news events, always use stop-loss orders to minimize potential losses.

Trading without stop-loss orders can result in rapid capital depletion, especially when trading large volumes without proper risk management. A well-structured trading plan is essential—random impulsive trades based on short-term market movements are a losing strategy for intraday traders.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

El S&P 500 asalta la cima. Informes sólidos y desregulación como detonantes del optimismo del mercado

El mercado bursátil vuelve a subir, con el S&P 500 en la cúspide de la euforia. ¿Qué será lo próximo? ¿Los aranceles y la política de la Reserva Federal reforzarán

Anna Zotova 10:18 2025-01-24 UTC+2

El S&P 500 está en la cima de la ola. Han aparecido síntomas de un mercado bajista

El jueves, los futuros de las acciones estadounidenses permanecen prácticamente sin cambios después de un impresionante rally en la sesión de trading anterior, cuando el S&P 500 alcanzó máximos históricos

Anna Zotova 09:58 2025-01-23 UTC+2

S&P 500. Sesgo alcista. El mercado sube con la vista puesta en Trump

Los futuros de las acciones estadounidenses registran ganancias el miércoles, tras el sólido repunte de la víspera. El martes, el índice S&P 500 subió un 0,88% y el Nasdaq sumó

Anna Zotova 10:28 2025-01-22 UTC+2

Petróleo y gas. Perspectivas para la semana

El petróleo Brent muestra un descenso, pero sigue negociándose por encima de los $80 por barril. No se descarta un fortalecimiento de la corrección hasta el rango de los $77,5-78,0

Anna Zotova 11:06 2025-01-20 UTC+2

USD/JPY: consejos simples para operar para traders principiantes el 17 de enero. Análisis de las operaciones de ayer en forex.

Análisis de operaciones y consejos para operar con el yen japonés La prueba del precio 155.96 coincidió con el momento en que el indicador MACD apenas comenzaba a moverse hacia

Jakub Novak 07:29 2025-01-17 UTC+2

GBP/USD: consejos simples para operar para traders principiantes el 17 de enero. Análisis de las operaciones de ayer en forex.

Análisis de operaciones y consejos para operar con la libra esterlina. La primera prueba del precio 1.2184 en la segunda mitad del día coincidió con el momento

Jakub Novak 07:29 2025-01-17 UTC+2

EUR/USD: consejos simples para operar para traders principiantes el 17 de enero. Análisis de las operaciones de ayer en forex.

Análisis de las operaciones y consejos para operar con el euro. La prueba del precio 1.0282 en la segunda mitad del día coincidió con el momento en que el indicador

Jakub Novak 07:29 2025-01-17 UTC+2

USD/JPY: consejos simples para operar para traders principiantes el 10 de enero. Análisis de las operaciones de ayer en Forex

Análisis de las operaciones y consejos para operar con el yen japonés La prueba del nivel de precio 157.98 coincidió con el momento en que el indicador MACD había descendido

Jakub Novak 08:05 2025-01-10 UTC+2

GBP/USD: consejos simples para operar para traders principiantes el 10 de enero. Análisis de las operaciones de ayer en Forex

Análisis de las operaciones y consejos para operar con la libra esterlina La prueba del nivel de precio 1.2301 durante la segunda mitad del día coincidió con el momento

Jakub Novak 08:05 2025-01-10 UTC+2

EUR/USD: consejos simples para operar para traders principiantes el 10 de enero. Análisis de las operaciones de ayer en Forex

Análisis de las operaciones y consejos para operar con el euro La prueba del nivel de precio 1.0317 durante la segunda mitad del día coincidió con un momento

Jakub Novak 08:05 2025-01-10 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el 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.