CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
empty
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Stay
Proceed
Open Account
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
For Traders
Analytical Reviews
Trading plan

06.10.202108:15 Forex Analysis & Reviews: GBP/USD pair is looking for a favorable buy pattern

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The GBP/USD pair is in the phase of forming an upward momentum unlike the EUR/USD pair. So, only a strong impulse decline at today's European session can disrupt this structure.

If the quotes do not decline, then the upward movement will continue in the area of the Weekly Control Zone of 1/4 1.3561-1.3553. The upward trend is a priority. The WCZ of 1.3789-1.3755 remains the upward target. Trading based on this pattern guarantees a favorable risk-to-reward ratio. It is important to understand that there is a 30% probability to completely implement the upward movement this week, so it is necessary to be prepared to transfer purchases through the weekend.

Exchange Rates 06.10.2021 analysis

The probability of selling profitably from the current levels is below 30%, so it is better not to consider short positions. One should focus their attention on finding a pattern to buy. The probability of updating yesterday's high is 80%.

Samanta Kruder
Analytical expert of InstaForex
© 2007-2025
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




All Analytics
Wave analysis
EUR/USD Analysis – April 11th The wave structure on the 4-hour EUR/USD chart has transformed into a bullish one. I believe there's no doubt that this transformation occurred solely due to the United States'
Chin Zhao
18:33 2025-04-11 +02:00
1105
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders on April 11th (U.S. Session) Trade Analysis and Advice for Trading the Japanese Yen The test of the 143.49 price level coincided with the moment the MACD indicator had just started moving downward from
Jakub Novak
18:26 2025-04-11 +02:00
1090
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

Official partners of InstaForex

The future is coming - InstaForex and Dragon Racing
The team of Formula - E
Be always the first with InstaForex Loprais Team
Official participant of the Dakar rally
Team up with us -
win with InstaForex and Zvolen!
IIHF Continental Cup winner in 2005

Trading Instruments

The best instruments for successful online Forex trading
MetaTrader Trading Platform
Charts on-line
Forex Analysis
Forex Demo Account
Trader calculator
Forex Indicators

Top analytics

Relevance up to 02:00 2025-04-12 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on April 11. Review of Yesterday's Forex Trades
08:42 2025-04-11
Forecast
Relevance up to 02:00 2025-04-12 UTC--4
The ECB May Cut Interest Rates Twice
12:42 2025-04-11
Fundamental analysis
Relevance up to 22:00 2025-04-11 UTC--4
GBP/USD Forecast for April 11, 2025
05:03 2025-04-11
Technical analysis
Relevance up to 22:00 2025-04-11 UTC--4
EUR/USD Forecast for April 11, 2025
05:03 2025-04-11
Technical analysis
Relevance up to 01:00 2025-04-12 UTC--4
Intraday Strategies for Beginner Traders on April 11
07:55 2025-04-11
Forecast
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Proceed
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget

Turn "Do Not Track" off

🍪 We use cookies

We may place cookies for analysis of our visitor data, to improve our website and measure advertising performance. Overall this data is used to provide a better website experience. More information

 

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 Instant Trading EU Ltd 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.