Ascending GBPUSD: Navigating Resistance and Support Levels

by ForexCycle.com | January 25, 2024 1:19 am
The GBPUSD is on a decisive upward march, stretching its positive streak from 1.2596 to a new high of 1.2774. At this stage, it is coming up against the resistance level of 1.2785. A successful surge above...

GBPJPY Holds the Line: Resilience within the Rising Price Channel

by ForexCycle.com | January 24, 2024 12:52 am
In a decisive show of market tenacity, GBPJPY refused to break below the bottom of the rising price channel on the 4-hour chart. As a result, current operations have been confined to a trading range of 187.30...

EURGBP’s Downside Drive: A Deeper Dive

by ForexCycle.com | January 24, 2024 12:37 am
In recent trading sessions, EURGBP has furthered its downward movement, plunging from 0.8714 to a new low at 0.8546 which notably breaks below the 0.8548 support level. Judging by the current trend, we could expect to see...

USDJPY Rebounds: A Return to Uptrend

by ForexCycle.com | January 24, 2024 12:26 am
In the wake of a rising trend line support on the 4-hour chart, the USDJPY pair managed to rebound from the 146.97 low and is now staring down the 148.80 resistance. As the pair sustains its position...

GBPUSD Ditches Support: Unveiling the Implications

by ForexCycle.com | January 24, 2024 12:12 am
In an unexpected turn of events, GBPUSD has broken below the 1.2660 support level, implying that its previous uptrend from 1.2596, which peaked at 1.2747, has already concluded. The ongoing descent from 1.2747 is viewed as a...

Eyes on EURUSD: Tracing its Downhill Course

by ForexCycle.com | January 23, 2024 11:56 pm
EURUSD has amplified its downward shift from 1.1139, dipping as low as 1.0821. Following a brief consolidation, the possibility of further decline still stands with the next target identified at 1.0780, and if momentum persists, we could...

EURCAD Breaks Support: Predicting the Consequences

by ForexCycle.com | January 23, 2024 12:35 am
In a striking move, EURCAD has broken below the 1.4625 support level, signifying that its climb from 1.4548, which culminated at 1.4726, has now wound up. Looking forward, in the days to come, we could likely see...