GBPUSD Daily Analysis – August 10, 2023

by ForexCycle.com | August 10, 2023 8:10 am
GBPUSD has continued its sideways movement within a trading range between 1.2619 and 1.2791. As long as the price remains below the falling trend line on the 4-hour chart, the sideways movement can be considered as consolidation...

GBPUSD Daily Analysis – August 9, 2023

by ForexCycle.com | August 9, 2023 1:39 am
GBPUSD has been trading sideways within a range between 1.2619 and 1.2791. As long as the price remains below the falling trend line on the 4-hour chart, the sideways movement could be considered as consolidation within the...

GBPUSD Daily Analysis – August 8, 2023

by ForexCycle.com | August 8, 2023 10:24 am
GBPUSD is below the falling trend line on the 4-hour chart and remains in a downtrend from 1.3141. As long as the price remains below the trend line, the recent bounce from 1.2619 could be considered as...

GBPUSD Daily Analysis – August 7, 2023

by ForexCycle.com | August 7, 2023 9:04 am
GBPUSD experienced a rebound from the 1.2619 level after being contained by the support at 1.2590. However, it is important to note that as long as the price remains below the falling trend line on the 4-hour...

GBPUSD Weekly Analysis – August 5, 2023

by ForexCycle.com | August 5, 2023 3:52 am
GBPUSD is in a long-term uptrend from 1.0352, and the pullback from 1.3141 can be seen as a consolidation phase within this uptrend. The bottom of the rising price channel on the weekly chart serves as a...

GBPUSD Daily Analysis – August 4, 2023

by ForexCycle.com | August 4, 2023 2:43 am
GBPUSD is in a downtrend from 1.3141, and the recent bounce from 1.2619 could be considered a consolidation phase within this downtrend. As long as the price remains below the descending trend line on the 4-hour chart,...

GBPUSD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 12:56 am
GBPUSD has continued its downward movement from 1.3141, reaching as low as 1.2679. As long as the pair remains below the descending trend line on the 4-hour chart, there is a likelihood for the downside move to...

GBPUSD Daily Analysis – August 2, 2023

by ForexCycle.com | August 2, 2023 1:28 am
GBPUSD has broken below the support level at 1.2762, indicating the resumption of the downtrend from 1.3141. With this breakout, it is likely that further decline may be observed in the upcoming days. The next potential targets...

GBPUSD Daily Analysis – August 1, 2023

by ForexCycle.com | August 1, 2023 6:54 am
GBPUSD is currently experiencing a downtrend that initiated from 1.3141, and the recent bounce from 1.2762 is likely a consolidation phase within this downtrend. As long as the resistance of the trend line remains intact, it is...

GBPUSD Daily Analysis – July 31, 2023

by ForexCycle.com | July 31, 2023 1:54 am
The GBPUSD pair is currently facing resistance from a falling trend line on the 4-hour chart, reaffirming its position within a downtrend that began at 1.3141. As long as the trend line resistance remains unbroken, there is...