Instaforex Analysis

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Forex Analysis & Reviews: Trading plan for GBP/USD on April 16. Simple tips for beginners

Take note that a significant event occurred last week – the pair left the 4-month sideways channel and may now begin forming a strong downtrend. There were concerns that the new week would start with another illogical rise from the pound, but so far they have not been justified.

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Forex Analysis & Reviews: Overview for the GBP/USD pair on April 17th. British inflation could weigh on the pound

The GBP/USD currency pair also attempted to start an upward correction on Tuesday, but volatility throughout the day was again very low. As seen in the illustration below, what we mean by "low volatility" is clear. Out of the last 30 days, there were only nine days when volatility exceeded 90 points. Another nine days ended with volatility below 50 points, indicating a complete lack of movement.


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Forex Analysis & Reviews: Trading plan for GBP/USD on April 18. Simple tips for beginners

The GBP/USD pair continued to trade sideways on Wednesday. After the price broke out of the 1.25-1.28 sideways channel, the pair suddenly stopped falling. Unfortunately, in this case, the pair may correct higher. We still expect a new downward trend since the pound doesn't have any solid reasons to rise. However, it appears that the market is returning to its previous stance where the pound is untouchable, no matter what happens. The British currency continues to trade in an aloof manner, despite last week's decline.

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Forex Analysis & Reviews: USD/JPY: trading tips for beginners for European session on April 22

Overview of trading and tips on USD/JPY The tests of the levels I identified in the afternoon did not materialize. The pair managed to recover its losses, and it stayed near the daily high during the US session. I


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