GBPUSD Daily Analysis – July 6, 2023

by ForexCycle.com | July 6, 2023 12:30 pm
GBPUSD has experienced a notable breakthrough as it surpassed the key resistance level at 1.2758. This bullish move suggests a potential continuation of the upward momentum, with traders anticipating further gains in the near term. As the...

GBPUSD Daily Analysis – July 5, 2023

by ForexCycle.com | July 5, 2023 1:35 pm
GBPUSD is currently approaching a key resistance level at 1.2758, and a decisive break above this level could potentially trigger a further upside move towards the next resistance at 1.2847. Traders closely monitoring the price action will...

GBPUSD Reacted From The Blue Box After A Double Three Structure

by elliottwave-forecast.com | July 3, 2023 6:10 pm
A Double three structure is a sideways combination of two corrective patterns. There are several corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three. A combination...

GBPUSD Daily Analysis – July 3, 2023

by ForexCycle.com | July 3, 2023 3:35 am
GBPUSD has made a notable move as it successfully broke above the key resistance level at 1.2690. This breakout suggests potential further upside momentum for the currency pair, with the next target being the 1.2758 resistance level....

GBPUSD Weekly Analysis – July 2, 2023

by ForexCycle.com | July 2, 2023 11:20 am
The GBPUSD currency pair has been displaying a resilient long-term uptrend, which initiated from the 1.0352 level. As the pair continues to climb higher, traders are closely monitoring key support and resistance levels for potential trading opportunities....

GBPUSD Daily Analysis – June 30, 2023

by ForexCycle.com | June 30, 2023 10:20 am
The GBPUSD pair has experienced an extended downward movement, reaching as low as 1.2590 from its previous high at 1.2847. This decline suggests that the bearish sentiment remains strong, and additional downside potential may be anticipated in...

GBPUSD Daily Analysis – June 29, 2023

by ForexCycle.com | June 29, 2023 1:54 am
The GBPUSD pair has experienced continued downward movement, extending its decline from the recent high of 1.2847 to as low as 1.2605. This suggests that the bearish pressure remains intact, and further downside potential could be expected...

GBPUSD Daily Analysis – June 27, 2023

by ForexCycle.com | June 27, 2023 7:13 am
The GBPUSD currency pair has been trading within a short-term downtrend, following its decline from the recent high of 1.2847. As long as the key resistance level at 1.2785 holds, market participants anticipate further downside potential, with...

GBPUSD Daily Analysis – June 26, 2023

by ForexCycle.com | June 26, 2023 12:22 am
The GBPUSD currency pair has broken below the significant support level at 1.2690, indicating a continuation of the downtrend initiated from 1.2847. This development suggests that further declines are likely in the near term, with potential targets...

GBPUSD Weekly Analysis – June 24, 2023

by ForexCycle.com | June 24, 2023 1:13 am
The GBPUSD currency pair has been displaying a long-term uptrend, with its origins traced back to 1.0352. Despite occasional periods of consolidation and pullbacks, the overall trajectory remains skewed to the upside. Traders are closely monitoring key...