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
04.07.2025 07:16 AM
How to Trade the GBP/USD Pair on July 4? Simple Tips and Trade Analysis for Beginners
Open trading account Open demo account

Analysis of Thursday's Trades

1H Chart of GBP/USD

This image is no longer relevant

On Thursday, the GBP/USD pair once again plummeted, but this time the drop in the British currency lasted only five minutes. The reasons for the U.S. dollar's strength on Thursday were much more significant than on Wednesday. Yet, by the end of Thursday, the dollar had not gained even a single point.

To recall, many analysts on Wednesday speculated that the British currency had crashed by 200 pips because UK Chancellor Rachel Reeves broke down in tears during a debate in Parliament. Many tied those tears to criticism of the government and a potential resignation of the head of the Treasury. However, Prime Minister Keir Starmer almost immediately dispelled all concerns, stating that he fully trusts Reeves and holds her work in high regard.

Meanwhile, on Thursday, despite three of the most important U.S. economic reports showing strong figures and the dollar initially rising, it lost even more ground by the end of the day, with no apparent reason. Once again, we can conclude that the market refuses to buy the dollar under any circumstances, and any pullback is just used as a buying opportunity for the pound.

5M Chart of GBP/USD

This image is no longer relevant

On the 5-minute timeframe, the pair traded mostly within the 1.3643–1.3682 range on Thursday, exhibiting a flat movement. Only one trading signal was truly noteworthy — a bounce from the 1.3580–1.3592 zone. After that bounce, the price returned to the flat range, where it made sense to lock in profit from long positions.

Trading Strategy for Friday:

In the hourly timeframe, GBP/USD saw a sharp drop, but we do not believe this marks the beginning of a "dollar trend." The market still either sells the dollar or waits for fresh negative news from overseas to sell it again. This behavior will likely continue until the market sees tangible signs of the trade war ending, or until Donald Trump stops making decisions that exceed his authority, leaving market participants stunned.

On Friday, the GBP/USD pair may trade with low volatility, as the United States observes a public holiday today. A new ascending trendline has formed on the hourly chart, once again supporting the pound's growth.

On the 5-minute timeframe, trading can be done using the following levels: 1.3203–1.3211, 1.3259, 1.3329–1.3331, 1.3413–1.3421, 1.3518–1.3535, 1.3580–1.3592, 1.3643–1.3652, 1.3682, 1.3763, 1.3814–1.3832. No significant events or releases are scheduled in either the UK or the US on Friday, so there will be little for traders to react to during the day.

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
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
1120
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
1300
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 GBP/USD on July 11h? Simple Tips and Trade Analysis for Beginners

Thursday Trade Review: GBP/USD, 1H Chart On Thursday, the GBP/USD pair continued its downward movement, mirroring the EUR/USD pair. The behavior of these two major currency pairs was nearly identical
Paolo Greco 08:43 2025-07-11 UTC+2

How to Trade EUR/USD on July 11th? Simple Tips and Trade Review for Beginners

On Thursday, the EUR/USD currency pair continued its weak downward movement in line with the current trend. We've been saying the same thing all week because very little is changing
Paolo Greco 08:36 2025-07-11 UTC+2

GBP/USD Trading Recommendations and Trade Review for July 11th

On Thursday, the GBP/USD currency pair continued its moderate decline. Over the past two weeks, the British pound has depreciated by 220 points, with approximately 150 of those losses occurring
Paolo Greco 08:30 2025-07-11 UTC+2

EUR/USD Trading Recommendations and Trade Review for July 11th

EUR/USD 5M Analysis On Thursday, the EUR/USD currency pair continued its sluggish decline, completely ignoring the fundamental backdrop. As a reminder, this week Donald Trump announced new tariffs targeting both
Paolo Greco 08:19 2025-07-11 UTC+2

How to Trade the GBP/USD Currency Pair on July 10th: Simple Tips and Trade Analysis for Beginners

Wednesday Trade Analysis: GBP/USD – 1H Chart On Wednesday, the GBP/USD pair was also stuck in a flat movement, with very low volatility. There were virtually no price movements during
Paolo Greco 08:56 2025-07-10 UTC+2

How to Trade the EUR/USD Currency Pair on July 10th: Simple Tips and Trade Analysis for Beginners

Wednesday Trade Analysis: EUR/USD – 1H Chart On Wednesday, the EUR/USD pair continued to trade in line with the prevailing trend from the previous week. Market activity was minimal throughout
Paolo Greco 08:48 2025-07-10 UTC+2

Trading Recommendations and Trade Review for GBP/USD on July 10th

On Wednesday, GBP/USD remained within its descending channel. However, a more interesting setup emerged in the 4-hour time frame, where the price attempted several times to break through the Senkou
Paolo Greco 06:57 2025-07-10 UTC+2

Trading Recommendations and Trade Review for EUR/USD on July 10th

On Wednesday, the EUR/USD pair continued moving within a weak downward channel, as previously forecast. However, volatility dropped to a minimum, there was no macroeconomic backdrop for the third consecutive
Paolo Greco 06:45 2025-07-10 UTC+2

How to Trade the GBP/USD Currency Pair on July 9th: Simple Tips and Trade Analysis for Beginners

On Tuesday, the GBP/USD pair continued its moderate downward movement, which is clearly of a technical and corrective nature. On both Monday and Tuesday, there were no significant macroeconomic events
Paolo Greco 08:46 2025-07-09 UTC+2

How to Trade the EUR/USD Currency Pair on July 9th? Simple Tips and Trade Breakdown for Beginners

On Tuesday, the EUR/USD currency pair continued its mild downward movement in line with the prevailing trend. After a fairly strong upward move, the market began a correction. The nature
Paolo Greco 08:28 2025-07-09 UTC+2

Top analytics

Relevance up to 00:00 2025-07-12 UTC--5
EUR/USD: Simple Trading Tips for Beginner Traders on July 11th – Forex Trade Review and Strategy
08:56 2025-07-11
Forecast
Relevance up to 19:00 2025-07-11 UTC--5
EUR/USD Overview on July 11, 2025
07:08 2025-07-11
Fundamental analysis
Relevance up to 22:00 2025-07-11 UTC--5
EUR/USD Forecast for July 11, 2025
07:09 2025-07-11
Technical analysis
Relevance up to 00:00 2025-07-12 UTC--5
GBP/USD: Simple Trading Tips for Beginner Traders on July 11th – Forex Trade Review and Strategy
09:02 2025-07-11
Forecast
Relevance up to 00:00 2025-07-12 UTC--5
USD/JPY: Simple Trading Tips for Beginner Traders on July 11th – Forex Trade Review and Strategy
09:06 2025-07-11
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.