empty
16.03.2025 11:26 PM
How to Trade the GBP/USD Pair on March 17? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades

1H Chart of GBP/USD

This image is no longer relevant

The GBP/USD pair continued to trade with low volatility on Friday, remaining within the sideways channel of 1.2913 to 1.2980. For the last four days, the price has consistently remained in this range. Despite the strong growth of the British currency, there seems to be no inclination in the market to correct, even slightly. The market has been largely ignoring any positive news for the dollar, as evidenced on Friday.

On that day, reports on industrial production and GDP were published in Great Britain, marking the first reports of the week. GDP for January came in below forecasts, and industrial production fell by 0.9%, which was worse than anticipated. However, the pound sterling did not decline during the European trading session. This suggests that the market overlooked these reports, which would typically support the dollar. However, if Donald Trump announces new tariffs over the weekend, we could see the dollar drop on Monday.

5M Chart of GBP/USD

This image is no longer relevant

In the 5-minute time frame on Friday, only one trading signal was generated, which could easily be ignored. Towards the end of the day, the price bounced off the level of 1.2913, but entering the market before the weekend—especially knowing that Trump could speak at any moment and potentially cause market turmoil—was not advisable.

Trading Strategy for Monday:

In the hourly time frame, the GBP/USD pair should have started a downtrend some time ago, but Trump's actions seem to prevent this from happening. In the medium term, we still expect the pound to decline with a target of 1.1800. However, it is uncertain how long the dollar's downturn, influenced by Trump, will last. Once this movement concludes, the technical situation across all time frames may change drastically, but currently, long-term trends still point downward. The pound has risen in a manner that seems excessive and illogical.

The GBP/USD may continue to rise on Monday if Trump continues to make waves in the market and impose his terms. A downward correction is impending, but the market does not currently favor buying the dollar.

On the 5-minute TF, you can now trade at 1.2301, 1.2372-1.2387, 1.2445, 1.2502-1.2508, 1.2547, 1.2613, 1.2680-1.2685, 1.2723, 1.2791-1.2798, 1.2848-1.2860, 1.2913, 1.2980-1.2993, 1.3043, 1.3102-1.3107. There are no interesting events scheduled for Monday in the UK, while in the U.S., the retail sales report will be released. But we remember that the market does not need macroeconomic data at this time.

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,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Stanislav Polyanskiy
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

How to Trade GBP/USD on July 11h? Simple Tips and Trade Analysis for Beginners

Na quinta-feira, o par GBP/USD manteve sua trajetória de queda, espelhando o comportamento do EUR/USD. O movimento dessas duas principais paridades cambiais tem sido praticamente idêntico ao longo da semana

Paolo Greco 17:34 2025-07-11 UTC+2

Como negociar EUR/USD em 11 de julho? Dicas simples e análise de negociação para iniciantes

Na quinta-feira, o par EUR/USD manteve seu movimento de queda moderado, em linha com a tendência atual. Temos reiterado essa mesma avaliação ao longo da semana porque, de fato, pouca

Paolo Greco 16:28 2025-07-11 UTC+2

O par de moedas EUR/USD foi negociado em baixa na segunda-feira, com o dólar americano mostrando uma força notável

Análise das negociações de segunda-feira: EUR/USD, Gráfico 1H Na segunda-feira, o par EUR/USD operou com viés de baixa, e o dólar norte-americano registrou um ganho relativamente forte. Como já mencionamos

Paolo Greco 16:13 2025-07-08 UTC+2

GBP/USD: Plano de Negociação para a Sessão dos E.U.A. de 7 de julho (Revisão das Negociações da Manhã)

Na minha previsão da manhã, destaquei o nível 1,3602 e planejei usá-lo para determinar os pontos de entrada no mercado. Vamos dar uma olhada no gráfico de 5 minutos

Miroslaw Bawulski 17:53 2025-07-07 UTC+2

EUR/USD: Plano de Negociação para a Sessão dos E.U. de 7 de julho (Revisão das Negociações da Manhã)

Na minha previsão da manhã, destaquei o nível 1,1749 e planejei basear as decisões de entrada no mercado em torno dele. Vamos dar uma olhada no gráfico de 5 minutos

Miroslaw Bawulski 17:44 2025-07-07 UTC+2

Como negociar o par EUR/USD em 4 de julho? Dicas simples e análise de negociação para iniciantes

Análise das operações de quinta-feira Gráfico 1H do EUR/USD O EUR/USD operou de forma estável ao longo da quinta-feira, tanto antes quanto depois da divulgação dos dados de emprego

Paolo Greco 14:57 2025-07-04 UTC+2

GBP/USD: Plano de Negociação para a Sessão dos E.U.A de 1º de julho (Revisão das Negociações da Manhã)

Na minha previsão da manhã, concentrei-me no nível 1,3766 e planejei tomar decisões de negociação a partir desse ponto. Vamos dar uma olhada no gráfico de 5 minutos

Miroslaw Bawulski 20:44 2025-07-01 UTC+2

EUR/USD: Plano de Negociação para a Sessão dos E.U. de 1º de julho (Revisão das Negociações da Manhã)

Na minha previsão da manhã, destaquei o nível de 1,1806 como ponto de referência para tomadas de decisão nas operações. Vamos dar uma olhada no gráfico de 5 minutos

Miroslaw Bawulski 20:24 2025-07-01 UTC+2
Não pode falar agora?
Faça sua pergunta no 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.