empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
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
28.04.2025 01:05 AM
British Pound. Weekly Preview
Open trading account Open demo account

This image is no longer relevant

The British pound is doing even better than the euro. The market keeps finding additional reasons to increase demand for the pound, even when the euro remains stagnant. Therefore, even hoping for a corrective wave is extremely difficult. The wave pattern is rather formal since all movements now depend solely on Donald Trump. Currently, we should expect the formation of the third wave of the new upward trend segment, but how will the instrument behave if Trump starts canceling tariffs?

In the new week, there will be few economic reports from the UK, while all the main events will again be in the US. No reports are scheduled for Britain, whereas the US will release data on the labor market and unemployment. However, I would like to remind you that the latest unemployment and payroll reports (among the most important reports) did not provoke any significant market reaction. Therefore, I wouldn't be confident we will see market movements based on economic data this coming Friday.

I believe everything on the market will continue to revolve around Trump. Some of my readers are probably already tired of hearing about the American president every day, but unfortunately, this is the only factor that matters right now. There is little practical use in discussing the state of the American or British economy or monetary policy if they do not influence market sentiment. Last week, demand for the US dollar did not increase, and therefore, I do not expect a "miraculous resurrection" of the American currency in the new week unless some corresponding information comes from Trump.

This image is no longer relevant

Wave structure for EUR/USD:

Based on the analysis of EUR/USD, I conclude that the instrument continues to build a new upward trend segment. Donald Trump's actions reversed the previous downward trend. Therefore, the wave structure will entirely depend on the position and actions of the US president for the foreseeable future. It is essential always to keep this in mind. Based solely on the wave structure, I expected constructing a three-wave correction within wave 2. However, wave 2 has already been completed, taking a single-wave form. The construction of wave 3 of the upward segment has begun, and its targets may extend to the 1.2500 area ("the 25th figure"). Achieving these targets will depend solely on Trump, and the internal structure of this wave is already becoming rather "awkward."

This image is no longer relevant

Wave structure for GBP/USD:

The wave structure of the GBP/USD instrument has transformed. Now, we are dealing with an upward, impulsive trend segment. Unfortunately, under Donald Trump, markets may experience many shocks and reversals that do not conform to any wave structure or technical analysis. The supposed wave 2 has been completed, as quotes have exceeded the peak of wave 1. Therefore, the construction of an upward wave 3 should be expected, with immediate targets at 1.3345 and 1.3541. Ideally, it would be good to see a corrective wave 2 within wave 3, but the dollar would need to rise for that to happen. And for that, someone would have to start buying it.

Main principles of my analysis:

  1. Wave structures should be simple and clear. Complex structures are difficult to trade and often lead to changes.
  2. If there is no confidence in the market situation, it is better not to enter it.
  3. Absolute certainty in the direction of movement does not exist and never will. Always remember to use protective Stop Loss orders.
  4. Wave analysis can be combined with other types of analysis and trading strategies.
Chin Zhao,
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
What Could Trump's Minimal Tariffs Lead To? Donald Trump has given countries he claims are "robbing the U.S." a three-month deadline to reach trade agreements. As of now, two months into this deadline, only one deal
Chin Zhao
00:45 2025-05-28 +02:00
1045
Crypto-currencies
Bitcoin: A Bet on $300,000 or a Painful Correction? What's Next for the Market Bitcoin reached $110,000 but failed to sustain the rally throughout the day, continuing its consolidation. Yet this lull is by no means a sign of exhaustion. Behind the scenes, activity
Ekaterina Kiseleva
00:44 2025-05-28 +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

What Could Trump's Minimal Tariffs Lead To?

Donald Trump has given countries he claims are "robbing the U.S." a three-month deadline to reach trade agreements. As of now, two months into this deadline, only one deal
Chin Zhao 00:45 2025-05-28 UTC+2

NZD/USD. May RBNZ Meeting: Preview

The Reserve Bank of New Zealand (RBNZ) will announce the results of its next policy meeting on May 28. According to most analysts, the central bank is expected
Irina Manzenko 00:44 2025-05-28 UTC+2

The Dollar Is Getting Used to Defeat

Everything has its limits—including Donald Trump's negotiation strategy. The longer his policy of threats followed by postponements continues, the less seriously markets take his actions. His warnings are no longer
Marek Petkovich 20:39 2025-05-27 UTC+2

Inflation in the Eurozone Gives the ECB Room to Act

The euro declined after the release of inflation data from France and the GfK report from Germany. Exactly three years ago, eurozone data showed inflation had risen to 8.1%. Immediately
Jakub Novak 20:26 2025-05-27 UTC+2

XAU/USD. Analysis and Forecast

Gold is extending its decline for the second day in a row. The pressure on gold is driven by a combination of factors: optimism stemming from U.S. President Donald Trump's
Irina Yanina 19:38 2025-05-27 UTC+2

USD/JPY. Analysis and Forecast

The Japanese yen continues to weaken during intraday trading. One of the key factors putting pressure on the yen is Japan's decision to consider reducing the issuance of ultra-long-term bonds
Irina Yanina 19:35 2025-05-27 UTC+2

Trump drives market rhythm

Much ado about nothing. President Trump's announcement of 50% tariffs on imports from the European Union starting June 1—only to delay them until July 9—barely rattled financial markets. Investors
Marek Petkovich 12:11 2025-05-27 UTC+2

Bank of Japan Plans To Raise Rates Further

Despite the Bank of Japan's plans to continue raising interest rates, the yen is currently heading in a very different direction. During his speech today, Bank of Japan Governor Kazuo
Jakub Novak 11:32 2025-05-27 UTC+2

Christine Lagarde Believes in the Euro

The European currency showed little reaction yesterday to a speech by European Central Bank President Christine Lagarde, who stated that the unpredictable policies of President Donald Trump present an excellent
Jakub Novak 11:19 2025-05-27 UTC+2

Markets Anxiously Await U.S. Senate Debate on Increased Government Spending (Possible Limited Decline in GBP/USD and Gold Prices)

The U.S. dollar remains under pressure. What's next, and what are its prospects? The trade war initiated by Donald Trump has significantly damaged the reputation of the U.S. dollar, which
Pati Gani 09:53 2025-05-27 UTC+2
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.