GBPJPY Breaks Above Resistance at 184.30, Potential for Upside Move

by ForexCycle.com | January 11, 2024 4:16 am
GBPJPY has broken above the key resistance level at 184.30, indicating a bullish move. Further upside potential is expected after a minor consolidation. The next target for the pair is projected to be at 187.30, followed by...

EURUSD in Sideways Trading Range, Potential for Upside Breakout

by ForexCycle.com | January 11, 2024 3:46 am
EURUSD has been moving sideways within a trading range between 1.0910 and 1.0998. Currently, it is facing resistance at the upper boundary of this range, around 1.0998. If the price manages to break above this resistance level,...

GBPUSD Faces Resistance at 1.2770, Potential for Upside Breakout

by ForexCycle.com | January 11, 2024 3:30 am
GBPUSD is once again facing resistance at the 1.2770 level. If the price manages to break above this resistance, it could potentially test the next resistance level at 1.2827. A successful breakout above 1.2827 would then aim...

USDJPY Rebounds, Potential for Upside Move in Long-term

by ForexCycle.com | January 10, 2024 2:05 am
USDJPY has rebounded from the support level at 140.25, with the falling trend line on the weekly chart providing additional support. This suggests that the pullback from 151.90 has completed, indicating a potential for another rise in...

GBPUSD Consolidates in a Trading Range, Potential for Upside Move

by ForexCycle.com | January 10, 2024 1:47 am
GBPUSD has failed to break above the 1.2770 resistance level and is currently trading sideways within a range between 1.2673 and 1.2770. In this consolidation phase, several potential scenarios can be considered. As long as the 1.2673...

EURUSD Breaks Above Resistance, Potential for Upside Move

by ForexCycle.com | January 10, 2024 1:18 am
EURUSD has recently broken above the resistance level at 1.0972, suggesting that the downside move from 1.1139 has completed at 1.0876. This breakout indicates a potential for another rise in the coming days. If the price manages...

EURGBP Extends Downside Move, Potential Targets

by ForexCycle.com | January 9, 2024 2:53 am
EURGBP has continued its downside move from 0.8714 and reached as low as 0.8586. As long as the price remains below the 0.8620 resistance level, the downside move could be expected to continue. The next potential target...

EURCAD Faces Potential Downside Move

by ForexCycle.com | January 9, 2024 2:28 am
EURCAD attempted to break above the upper border of the wedge pattern on its 4-hour chart but failed, pulling back from 1.4687. This suggests a potential downside move in the coming days, with the target being the...

GBPUSD Faces Resistance at 1.2770, Upside Potential

by ForexCycle.com | January 9, 2024 2:07 am
GBPUSD is currently facing a resistance level at 1.2770. If the price manages to break above this level, it could trigger a further upside move towards the 1.2827 resistance level. A breakout above 1.2827 might lead to...