Short-term Trading Idea FX GBP/USD – Bull Speculation: Expected Pound Strengthening to 1.4565 via Bounce
Sunday,06/03/2016|16:15GMTby
Alpari News
Trading opportunities for currency pair: the body of the last candle almost completely closed off the previous candle. Up to ...
Trading opportunities for currency pair: the body of the last candle almost completely closed off the previous candle. Up to now, whilst the GBP/USD is trading above 1.4011, the risks of a return to 1.4565 are high. With the current candle formation on the weekly timeframe, we can put limit orders to purchase the pound at 1.4060/80 and stop orders above 1.4305. This growth idea for GBP/USD will cancel out with a close of the weekly candle below 1.4011.
Background
The last GBP/USD idea I made came out on 25th January, 2016. Then the pound was worth 1.4260 dollars. After the forming of a weekly candle with a small shade and long lower shade, I was considering an upward correction to 1.4565. In actual fact, the pound/dollar rose to 1.4667. The target was reached over two weeks.
From the 1.4667 maximum, the rate fell to 1.3835. The GBP weakened against the USD due to discussions about the UK leaving the EU. The referendum regarding this matter will take place in June, If the Brits vote to leave, the pound will continue to fall.
Current Situation
Now to what"s going on at the moment. The GBP strengthened 390 points to 1.4225 against the USD in a week. The pound strengthened throughout the week, ignoring weak UK stats. Business activity in the country fell in February in the manufacturing and construction sectors. A week earlier, the PMI and consumer confidence indices were down.
The GBP closed up on Friday against the dollar after the US" February NFP came out. The report came out well, but the sellers couldn"t manage to hold the daily levels.
The NFP showed a 230k rise against a forecasted 185k. January"s figures were reassessed up from 158k to 182k. December was reassessed up from 262k to 271k. The overall reassessment was +30k.
US unemployment in February remained at 4.9%. Population employed increased by 0.2% to 62.9%.
With more people employed, the pound/dollar reacted by falling 40 points to 1.4106. There were some negative stats too: the index for hourly wages was down 0.1% (forecasted +0.2%, previous: +0.5%).
It was very surprising that the USD was down by the end of the day after strong data and just one set of negative stats.
What"s of interest at the moment?
The buyers managed to partially win back their losses over a week. The body of the last candle almost fully closed off the body of the previous one. Look how the situation in April of last year or in June of 2013 developed. Now we have a similar situation, just it"s not clear if the bulls will lift the rate before the UK"s referendum and the next Fed meeting.
A fall in US hourly wages means that the Fed is likely to put up rates at their next meeting. It is precisely this that confirms Friday"s movements.
On Mondays I always look at a movement against that of Friday. Taking into account that between the AO indicator and the price a double bear divergence has formed, it"s worth expecting a correction to around 1.41 in 2-3 days,
Up to now, whilst the GBP/USD is trading above 1.4011, the risks of a return to 1.4565 are high. I"m sure that with the current candle formation, limit orders to purchase the pound will be set around 1.4060/80 and stop orders above 1.4305.
When there"s an approach towards 1.4460/1.4500, be ready for an inversion and weakening of the pound. This growth idea for GBP/USD will cancel out with a close of the weekly candle below 1.4011. If you"re buying pound at 1.4060-1.4080, it"d be better to put a stop within 60-70 points.
Why not take advantage of the improved version of the Trader"s Calculator.
Trading opportunities for currency pair: the body of the last candle almost completely closed off the previous candle. Up to now, whilst the GBP/USD is trading above 1.4011, the risks of a return to 1.4565 are high. With the current candle formation on the weekly timeframe, we can put limit orders to purchase the pound at 1.4060/80 and stop orders above 1.4305. This growth idea for GBP/USD will cancel out with a close of the weekly candle below 1.4011.
Background
The last GBP/USD idea I made came out on 25th January, 2016. Then the pound was worth 1.4260 dollars. After the forming of a weekly candle with a small shade and long lower shade, I was considering an upward correction to 1.4565. In actual fact, the pound/dollar rose to 1.4667. The target was reached over two weeks.
From the 1.4667 maximum, the rate fell to 1.3835. The GBP weakened against the USD due to discussions about the UK leaving the EU. The referendum regarding this matter will take place in June, If the Brits vote to leave, the pound will continue to fall.
Current Situation
Now to what"s going on at the moment. The GBP strengthened 390 points to 1.4225 against the USD in a week. The pound strengthened throughout the week, ignoring weak UK stats. Business activity in the country fell in February in the manufacturing and construction sectors. A week earlier, the PMI and consumer confidence indices were down.
The GBP closed up on Friday against the dollar after the US" February NFP came out. The report came out well, but the sellers couldn"t manage to hold the daily levels.
The NFP showed a 230k rise against a forecasted 185k. January"s figures were reassessed up from 158k to 182k. December was reassessed up from 262k to 271k. The overall reassessment was +30k.
US unemployment in February remained at 4.9%. Population employed increased by 0.2% to 62.9%.
With more people employed, the pound/dollar reacted by falling 40 points to 1.4106. There were some negative stats too: the index for hourly wages was down 0.1% (forecasted +0.2%, previous: +0.5%).
It was very surprising that the USD was down by the end of the day after strong data and just one set of negative stats.
What"s of interest at the moment?
The buyers managed to partially win back their losses over a week. The body of the last candle almost fully closed off the body of the previous one. Look how the situation in April of last year or in June of 2013 developed. Now we have a similar situation, just it"s not clear if the bulls will lift the rate before the UK"s referendum and the next Fed meeting.
A fall in US hourly wages means that the Fed is likely to put up rates at their next meeting. It is precisely this that confirms Friday"s movements.
On Mondays I always look at a movement against that of Friday. Taking into account that between the AO indicator and the price a double bear divergence has formed, it"s worth expecting a correction to around 1.41 in 2-3 days,
Up to now, whilst the GBP/USD is trading above 1.4011, the risks of a return to 1.4565 are high. I"m sure that with the current candle formation, limit orders to purchase the pound will be set around 1.4060/80 and stop orders above 1.4305.
When there"s an approach towards 1.4460/1.4500, be ready for an inversion and weakening of the pound. This growth idea for GBP/USD will cancel out with a close of the weekly candle below 1.4011. If you"re buying pound at 1.4060-1.4080, it"d be better to put a stop within 60-70 points.
Why not take advantage of the improved version of the Trader"s Calculator.
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We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
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This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
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In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
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👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
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Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
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Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
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We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
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- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
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Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
