GBP/USD

Special Reports - 16/01/2025

16 January, 2025

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

GBP/USD Weekly Special Report based on 1.00 Lot Calculation:

FRIDAY, JANUARY 17, AT 7:00 GMT: UK RETAIL SALES (MONTH-ON-MONTH) (DEC): The UK is set to release its monthly Retail Sales report. A lower-than-expected figure could weaken the GBP, potentially driving GBP/USD lower.
TUESDAY, JANUARY 21, AT 07:00 GMT: UK UNEMPLOYMENT RATE (NOV): The UK is expected to release its Unemployment rate data regarding the month of November. If the data exceeds previous month’s rate of 4.2%, GBP/USD could further fall in value.
FRIDAY, JANUARY 24, AT 09:25 GMT: UK MANUFACTURING PURCHASING MANAGERS INDEX (JAN): The UK is expected to release its Manufacturing PMI data regarding the month of January. If the data falls short of previous month’s 47.0, GBP/USD could further fall in value.
FRIDAY, JANUARY 24, AT 14:45 GMT: US MANUFACTURING PURCHASING MANAGERS INDEX (JAN): The US is expected to release its Manufacturing PMI data regarding the month of January. If the data exceeds previous month’s 49.4, GBP/USD could further fall in value.
WEDNESDAY, JANUARY 29, AT 19:00 GMT: US FEDERAL RESERVE INTEREST RATE DECISION: The Federal Reserve is expected to keep interest rates unchanged at 4.5%, with Chicago Mercantile Exchange (CME) Fed target rate probabilities at 97.3%.
THURSDAY, JANUARY 30, AT 13:30 GMT: US GROSS DOMESTIC PRODUCT (Q4): The US is set to release its quarterly GDP report. A lower-than-expected figure could strengthen the USD, potentially driving GBP/USD lower. A stronger-than-expected GDP growth could bolster the USD, potentially driving GBP/USD lower.

GBPUSD, JANUARY 16, 2025
Current Price: 1.2200

GBP/USD	Weekly
Trend direction	DOWN
Resistance 3	1.2400
Resistance 2	1.2350
Resistance 1	1.2300
Support 1	1.2080
Support 2	1.1900
Support 3	1.1800

Example of calculation based on weekly trend direction for 1.00 Lot¹

GBP/USD
Pivot Points	Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
Profit or loss in $	-2,000.00	-1,500.00	-1,000.00	1,200.00	3,000.00	4,000.00
Profit or loss in €²	-1,948.20	-1,461.15	-974.10	1,168.92	2,922.30	3,896.39
Profit or loss in £²	-1,640.58	-1,230.43	-820.29	984.35	2,460.87	3,281.16
Profit or loss in C$²	-2,811.60	-2,108.70	-1,405.80	1,686.96	4,217.40	5,623.20

1. 1.00 lot is equivalent of 100.000 units

2. Calculations for exchange rate used as of 12:20 (GMT) 16/1/2025

There is a possibility to use Stop-Loss and Take-Profit.

You may wish to consider closing your position in profit, even if it is lower than suggested one.

Trailing stop technique could protect the profit.

Share It With Your Network

Pound - US Dollar Chart

Update Time: -

Highest

Lowest

Bid Price Ask Price

1M 5M H D W

Prices are loading..

Other Special Reports

USA500 17 January, 2025

Weekly Special Report based on 1 Lot Calculation: US PRESIDENT- ELECT DONALD TRUMP INAUGURATION ...

USD/JPY 17 January, 2025

USD/JPY Weekly Special Report based on 1.00 Lot Calculation: GEOPOLITICS: US PRESIDENT- ELECT DONALD...

Gold 16 January, 2025

GOLD weekly special report based on 1.00 Lot Calculation: GEOPOLITICS: US PRESIDENT- ELECT DONALD TRUMP TAKES...

Ready for trading?Start Now

Daily market review & analysis Daily EU Session & US Session Analysis for CFD Instruments

Weekly Analysis Weekly Overview of CFD Movements

Technical Analysis Trading Central Technical Analysis System

Fortrade Ltd is authorised and regulated in the UK by FCA under the licence number 609970.

Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. See full risk warning

Risk warning Privacy policy

Risk Warning and Disclaimer: CFDs and margin FX are leveraged products that carry a high level of risk to your capital. You should only trade with money you can afford to lose. Be Aware: You can lose all, but not more than the balance of your Trading Account. You do not own, or have any rights to, the underlying assets. Past performance is no guarantee of future performance. This information is intended to be general in nature and is not financial product advice. Any advice contained on this website or provided to you by Fort Securities Australia Pty Ltd is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. We encourage you to obtain independent financial advice and consider our Financial Services Guide (FSG), Product Disclosure Statement (PDS) and Target Market Determination (TMD) to determine if this product is suitable for you before deciding to enter into or obtain any financial products issued by us.

This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade Australia accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Fort Securities Australia Pty Ltd (T/A Fortrade Australia) |ABN: 33 614 683 831 | AFSL: 493520

Risk warning Privacy policy

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

Risk warning Privacy policy

Fortrade Canada Limited, 1200 Waterfront Centre, 200 Burrard Street, P.O. Box 48600, Vancouver BC V7X 1T2, Canada. Email: [email protected]
Fortrade Canada Limited is regulated by the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Company registration number: BC1148613.
Click here to see Fortrade Canada Limited on the CIRO website.

Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.43% 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. Fortrade Cyprus Ltd is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20. CFD products may not be suitable for all clients, therefore ensure, that you understand the risks involved and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Risk warning | Privacy policy

Authorised and regulated by Financial Services Commission, Mauritius (FSC), SEC-2.1B investment dealer number: GB21026472.

Risk Warning and Disclaimer: All CFDs, including cryptocurrency CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection.

Risk warning | Privacy policy

Daily market review & analysis Weekly Analysis Technical Analysis Micro Analysis Special Reports Economic Calendar Publications

Main Site