GBPUSD Takes a Bearish Turn: What’s the Outlook?

by ForexCycle.com | October 2, 2024 2:13 am
The GBPUSD pair has made a significant move, breaking below the crucial 1.3312 support level and extending its downward trajectory to reach a low of 1.3237. This development suggests that the upward move from 1.3001 may have...

GBPUSD Breaks Channel: What’s Next for the Pair?

by ForexCycle.com | October 1, 2024 1:33 am
The GBPUSD pair has recently made a significant move, breaking below the bottom of the rising price channel on the 4-hour chart. This development suggests that the uptrend from 1.3001 might need a more extended period of...

GBPUSD Rides the Uptrend: Will the Momentum Continue?

by ForexCycle.com | September 30, 2024 1:01 am
The GBPUSD pair continues to show strength, maintaining its position within a rising price channel on the 4-hour chart. This pattern suggests that the uptrend from 1.3001 remains firmly intact, providing a bullish outlook for traders. As...

GBPUSD Elliott Wave: Buying the Dips at the Blue Box Area

by elliottwave-forecast.com | September 16, 2024 9:38 pm
In this technical article we’re going to take a quick look at the Elliott Wave charts of GBPUSD Forex Pair , published in members area of the website. As our members know, GBPUSD has recently given us...

GBP/USD Breaks Key Trend Line: Upside Momentum Builds

by ForexCycle.com | September 5, 2024 2:48 am
GBP/USD has broken above the falling trend line on the 4-hour chart, signaling that the downtrend from 1.3265 has likely ended at 1.3087. What’s Next? Conclusion GBP/USD has shifted into a bullish phase after breaking above the...

GBP/USD Breaks Key Support: What’s Next?

by ForexCycle.com | September 3, 2024 1:52 am
GBP/USD has broken below the rising price channel on the 4-hour chart, indicating that the uptrend from 1.2664 has likely ended at 1.3265. Current Outlook Conclusion GBP/USD is currently in a downward trend after breaking key support...

Elliott Wave Intraday Shows Bullish Sequence in GBPUSD

by elliottwave-forecast.com | August 27, 2024 4:53 pm
GBPUSD recently broke above previous peak on 7.14.2023 high at 1.3143 and shows a higher high bullish sequence from 9.26.2022 low. This leaves no doubt about the right side and direction of the pair which is higher....

GBP/USD: Uptrend Continues with New Targets Ahead

by ForexCycle.com | August 27, 2024 11:03 am
GBP/USD has extended its upward momentum, climbing from 1.2664 to a recent high of 1.3246. What’s Next? Conclusion GBP/USD is maintaining its strong upward trajectory, with potential targets at 1.3350 and 1.3500. However, traders should be cautious...

GBP/USD Analysis: Continuing Upside Momentum

by ForexCycle.com | August 19, 2024 2:05 am
The GBP/USD pair has recently extended its upward movement from 1.2664 to a high of 1.2952, successfully breaking above the 1.2942 resistance level. This bullish trend indicates strong momentum in the market. Current Market Dynamics As long as the price remains above...

GBP/USD Analysis: Bullish Momentum Continues

by ForexCycle.com | August 14, 2024 2:11 am
The GBP/USD pair has recently broken above the resistance level at 1.2839, extending its upward movement from 1.2664 to a high of 1.2872. This bullish trend suggests that further gains could be on the horizon. Key Levels...