empty
23.05.2025 05:58 AM
How to Trade the GBP/USD Pair on May 23? Simple Tips and Trade Analysis for Beginners

Analysis of Thursday's Trades

1H Chart of GBP/USD

This image is no longer relevant

The GBP/USD pair didn't even attempt a correction on Thursday. While the euro faced bearish pressure from weak business activity indices in the Eurozone and Germany, the British pound had no such downward drivers. Yes, the UK Manufacturing PMI also came in weak—similar to Europe—but the Services sector helped support the pound. That said, the pound currently doesn't seem to need saving.

The British currency is rising Bitcoin-style — steadily and almost without corrections. Currently, the price is hovering around 1.3443, close to the upper boundary of the sideways channel the pair has been trading in for a month. We believe this level will be broken, and the pound's rally will continue. The ascending trendline confirms the current direction.

5M Chart of GBP/USD

This image is no longer relevant

Several signals were formed in the 5-minute timeframe on Thursday, but none of them were particularly strong. The problem was that the price moved sideways all day. Traders lacked the momentum to break through the 1.3421–1.3443 zone, especially given mediocre UK data and decent U.S. figures. Moreover, there were no solid reasons to sell the pair. As a result, the price repeatedly bounced off this zone but never showed any meaningful decline.

Trading Strategy for Friday:

In the hourly timeframe, GBP/USD closely follows Donald Trump's actions, maintaining a skeptical stance toward his policies. Remember that a U.S.-UK trade agreement and tariff reductions between the U.S. and China are positive for the dollar, not the pound. A Bank of England rate cut and the Federal Reserve holding rates are also positive for the dollar. Yet, we observe the opposite market reaction and price movement — the market ignores 90% of dollar-positive factors.

On Friday, the pair will likely continue trading on technical factors. The market will either look for any reason to sell the dollar or simply wait for fresh news. Market sentiment remains unchanged day after day.

On the 5-minute TF, it is now possible to trade at 1.2848-1.2860, 1.2913, 1.2980-1.2993, 1.3043, 1.3102-1.3107, 1.3203-1.3211, 1.3259, 1.3329-1.3331, 1.3421-1.3443, 1.3537, 1.3580-1.3598. The UK is scheduled to release retail sales data on Friday, but it will unlikely impact traders' prevailing "always buy" sentiment. The U.S. news calendar for May 23 is empty.

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.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

GBP/USD: plan para la sesión europea del 19 de junio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra espera la reunión decisiva del Banco de Inglaterra

GBP/USD: plan para la sesión europea del 19 de junio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra espera la reunión decisiva del Banco

Miroslaw Bawulski 13:23 2025-06-19 UTC+2

EUR/USD: plan para la sesión europea del 19 de junio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro fue comprado al acercarse a 1.1445

En mi pronóstico matutino presté atención al nivel de 1.1445 y planeé tomar decisiones de entrada al mercado desde ese punto. Veamos el gráfico de 5 minutos y entendamos

Miroslaw Bawulski 13:23 2025-06-19 UTC+2

GBP/USD: plan para la sesión europea del 17 de junio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra mantiene posibilidades de crecimiento

Ayer solo se formó un punto de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que sucedió. En mi pronóstico matutino presté atención al nivel

Miroslaw Bawulski 08:31 2025-06-17 UTC+2

EUR/USD: plan para la sesión europea del 17 de junio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro está atrapado en un canal

Ayer solo se formó un punto de entrada al mercado. Propongo echar un vistazo al gráfico de 5 minutos y analizar lo sucedido. En mi pronóstico matutino presté atención

Miroslaw Bawulski 08:31 2025-06-17 UTC+2

GBP/USD: plan para la sesión europea del 13 de junio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). La libra volvió a caer

Ayer se formaron varios excelentes puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos lo que ocurrió. En mi pronóstico matutino presté atención al nivel 1.3536

Miroslaw Bawulski 08:52 2025-06-13 UTC+2

EUR/USD: plan para la sesión europea del 13 de junio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro cayó bruscamente tras los ataques de Israel a Irán.

EUR/USD: plan para la sesión europea del 13 de junio. Informes Commitment of Traders COT (análisis de las operaciones de ayer). El euro cayó bruscamente tras los ataques de Israel

Miroslaw Bawulski 08:52 2025-06-13 UTC+2

GBP/USD: plan para la sesión europea del 9 de junio. Informes COT (análisis de las operaciones de ayer). La libra sigue dentro del rango

El pasado viernes se formaron varios puntos de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos qué ocurrió. En mi pronóstico matutino presté atención al nivel

Miroslaw Bawulski 07:42 2025-06-09 UTC+2

EUR/USD: plan para la sesión europea del 9 de junio. Informes COT (análisis de las operaciones de ayer). El dólar subió tras los datos de desempleo

El pasado viernes solo se formó un punto de entrada al mercado. Veamos el gráfico de 5 minutos y analicemos qué ocurrió allí. En mi pronóstico matutino presté atención

Miroslaw Bawulski 07:42 2025-06-09 UTC+2

Ayer se formaron varios puntos de entrada al mercado. Vamos a mirar el gráfico de 5 minutos y analizar lo que ocurrió. En mi pronóstico matutino presté atención al nivel

Miroslaw Bawulski 08:47 2025-06-05 UTC+2

EUR/USD: plan para la sesión europea del 5 de junio. Informes COT (Commitment of Traders) (análisis de las operaciones de ayer). El euro se beneficia de la debilidad del dólar

EUR/USD: plan para la sesión europea del 5 de junio. Informes COT (Commitment of Traders) (análisis de las operaciones de ayer). El euro se beneficia de la debilidad del dólar

Miroslaw Bawulski 08:46 2025-06-05 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el 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.