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
22.04.2025 07:46 AM
How to Trade the GBP/USD Pair on April 22? Simple Tips and Trade Analysis for Beginners
Open trading account Open demo account

Analysis of Monday's Trades

1H Chart of GBP/USD

This image is no longer relevant

The GBP/USD pair continued to trade with substantial gains throughout Monday. On the first trading day of the week, there were no notable events either in the UK or the US, and even Donald Trump refrained from introducing new tariffs or sanctions. Nevertheless, overall sentiment in global markets remains sharply negative toward the US dollar. As such, while we did not expect another collapse of the US currency right at the market open, at the same time, who can be surprised by such a development anymore? The US dollar has been falling non-stop for two whole months now (three months in total). A new day began with a new drop for the dollar—and, once again, during the night. At this point, the US currency stands no chance at all. Its freefall continues.

5M Chart of GBP/USD

This image is no longer relevant

On the 5-minute timeframe Monday, three trading signals were formed, but the best one occurred during the night. The price bounced from the 1.3272 level at the market opening and climbed by at least 140 pips. However, taking advantage of this signal was difficult due to the time it appeared. The second buy signal near the 1.3365 level was easier to work with, although the pair failed to show strong movement afterward. The third signal near that same 1.3365 level appeared late in the evening. Then, the price again rebounded from 1.3365 and showed decent growth during the night.

Trading Strategy for Tuesday:

On the hourly timeframe, the GBP/USD pair could have started a downtrend long ago, but the market continues to focus solely on Trump. As a result, the British pound keeps crawling upward. Therefore, the pair's future movements remain dependent entirely on the US president and his decisions—and nothing else.

On Tuesday, the GBP/USD pair may continue trading upward again, even though there are no local catalysts for such a move. Trump is in no rush to impose new tariffs, UK inflation is falling, and the British economy remains weak. Nevertheless, traders don't seem to care about any of this right now.

On the 5-minute timeframe, trading can currently be done using the following levels: 1.2848–1.2860, 1.2913, 1.2980–1.2993, 1.3043, 1.3102–1.3107, 1.3145–1.3167, 1.3203, 1.3272, 1.3365, 1.3428–1.3440, 1.3488, 1.3537, 1.3580–1.3598. No noteworthy events are scheduled for Tuesday in the US or the UK. However, the British pound may continue its upward movement regardless.

Core Trading System Rules:

  1. Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.
  2. False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.
  3. Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.
  4. Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.
  5. MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.
  6. Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.
  7. Stop Loss: Set a Stop Loss to breakeven after the price moves 20 pips in the desired direction.

Key Chart Elements:

Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders.

Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading.

MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals.

Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals.

Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success.

Paolo Greco,
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
Fundamental analysis
The Market Hears What It Wants to Hear How far will greed carry the crowd? The late April rally in the S&P 500 somewhat sweetened the bitter pill for Donald Trump. His first 100 days in office have
Marek Petkovich
09:23 2025-04-30 +02:00
1075
Crypto-currencies
Trading Recommendations for the Cryptocurrency Market on April 30 Bitcoin and Ethereum buyers continue to take advantage of the good moments of the market decline and buy it out quickly, as demonstrated today during Asian trading. Importantly, Bitcoin
Miroslaw Bawulski
08:57 2025-04-30 +02:00
1105
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

How to Trade the GBP/USD Pair on April 30? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of GBP/USD On Tuesday, the GBP/USD pair corrected downward after another surge on Monday. No fundamental or macroeconomic reasons supported such movements on either
Paolo Greco 06:04 2025-04-30 UTC+2

How to Trade the EUR/USD Pair on April 30? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of EUR/USD On Tuesday, the EUR/USD currency pair continued to trade within a sideways channel, which is now visible on virtually any timeframe
Paolo Greco 06:04 2025-04-30 UTC+2

Trading Recommendations and Analysis for GBP/USD on April 30: The Pound Has Cooled Down, But for How Long?

On Tuesday, the GBP/USD currency pair failed to continue the upward movement it had started so vigorously on Monday. It is worth recalling that there were no solid reasons
Paolo Greco 03:29 2025-04-30 UTC+2

Trading Recommendations and Analysis for EUR/USD on April 30: The Market Remains in a State of Hibernation

The EUR/USD currency pair continued to trade within a sideways channel throughout Tuesday. The flat movement is visible in the chart above. Last week, the pair briefly broke
Paolo Greco 03:29 2025-04-30 UTC+2

GBP/USD: Trading Plan for the U.S. Session on April 29th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.3421 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and see what happened. The pound
Miroslaw Bawulski 18:55 2025-04-29 UTC+2

EUR/USD: Trading Plan for the U.S. Session on April 29th (Review of Morning Trades)

In my morning forecast, I drew attention to the 1.1378 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened
Miroslaw Bawulski 18:52 2025-04-29 UTC+2

How to Trade the GBP/USD Pair on April 29? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of GBP/USD On Monday, the GBP/USD pair rose by 130 pips. Such was the "boring Monday" without a macroeconomic report or important speech
Paolo Greco 06:43 2025-04-29 UTC+2

How to Trade the EUR/USD Pair on April 29? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades 1H Chart of EUR/USD On Monday, the EUR/USD currency pair showed somewhat mixed movements, no matter how you look. On the one hand, the pair demonstrated
Paolo Greco 06:43 2025-04-29 UTC+2

Trading Recommendations and Analysis for GBP/USD on April 29: The Pound Sterling Is Back to Its Old Ways

On Monday, the GBP/USD currency pair once again traded higher despite having no fundamental reasons. However, by now, all traders should be accustomed to such developments. While the euro tends
Paolo Greco 04:32 2025-04-29 UTC+2

Trading Recommendations and Analysis for EUR/USD on April 29: Euro Growth Did Not Affect the Flat Trend

On Monday, the EUR/USD currency pair showed a decent upward movement during the day but remained within the narrow sideways channel of 1.1312–1.1414 (Kijun-sen line). Recall that the euro
Paolo Greco 04:32 2025-04-29 UTC+2

Top analytics

Relevance up to 20:00 UTC--4
EUR/USD Overview – April 30: The Main Mystery of 2025 Revealed
03:29 2025-04-30
Fundamental analysis
Relevance up to 23:00 UTC--4
How to Trade the EUR/USD Pair on April 30? Simple Tips and Trade Analysis for Beginners
06:04 2025-04-30
Trading plan
Relevance up to 00:00 UTC--4
What to Pay Attention to on April 30? A Breakdown of Fundamental Events for Beginners
06:28 2025-04-30
Fundamental analysis
Relevance up to 20:00 UTC--4
GBP/USD Overview – April 30: The Illusion of U.S. Democracy and Trump's Impeachment
03:29 2025-04-30
Fundamental analysis
Relevance up to 02:00 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on April 30. Review of Yesterday's Forex Trades
08:31 2025-04-30
Forecast
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.