GBP/USD Daily Price Forecast – 9th June 2025

GBP/USD Daily Price Forecast – 9th June 2025

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Trade Summary:

GBPUSD
Buy Stop @ 1.35684
TP @ 1.36152
SL @ 1.35032

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GBP/USD Analysis (H4 Chart)

Key Levels:

• Buy Stop: 1.35684

• Take Profit (TP): 1.36152

• Stop Loss (SL): 1.35032

Technical Indicators:

• Moving Averages:

  • The yellow line represents the 50-period moving average (MA), and the red line represents the 200-period moving average (MA).

  • The price is currently trading above the 50-period MA, indicating short-term bullish momentum.

  • The 50-period MA is above the 200-period MA, confirming a bullish crossover and a medium-term uptrend.

• Price Action:

  • The price has been consolidating after a recent bullish rally, forming higher lows and higher highs.

  • A breakout above the Buy Stop level (1.35684) would confirm the continuation of the bullish trend.

• Support and Resistance:

  • Support: The Stop Loss level at 1.35032 acts as a key support zone, below which the bullish bias would be invalidated.

  • Resistance: The Take Profit level at 1.36152 is a significant resistance zone, aligning with previous highs.

Trade Setup:

• Entry: A Buy Stop order at 1.35684 ensures entry only if the price breaks above the current resistance, confirming bullish momentum.

• Stop Loss: Placed at 1.35032, below the recent swing low, to limit downside risk.

• Take Profit: Positioned at 1.36152, targeting the next resistance level.

Risk-Reward Ratio:

• The trade setup offers a favorable risk-reward ratio, as the potential upside (from 1.35684 to 1.36152) outweighs the downside risk (from 1.35684 to 1.35032).

Market Sentiment:

• The bullish crossover of moving averages and the price trading above key MAs suggest strong bullish sentiment.

• However, traders should monitor macroeconomic events, such as interest rate decisions or economic data releases, which could impact GBP/USD volatility.

Conclusion:

The GBP/USD pair is in a bullish trend on the H4 chart. A breakout above 1.35684 would confirm further upside potential toward 1.36152. However, a break below 1.35032 would invalidate the bullish setup and signal potential downside risks.

Recommended Lot Size

Trading is all about statistics.

While we can experience winning streaks, we can also suffer from losing streaks.

As such, we should always size each trade to withstand losing streaks (if any).

It’s widely recommended that you should not risk more than 2% of your capital for each trade.

We believe it’s easier to control your lot size by limiting your lot sizing to 0.01 for every $500 in your account.

So if you have $5000, then risk no more than 0.10 lot size per trade.

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If you spot a mistake especially when it comes to the price, please use common sense and check the chart.

We wish you good luck and good profit for this trade idea.

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