GBPUSD Daily Analysis – June 23, 2023

by ForexCycle.com | June 23, 2023 10:31 am
The GBPUSD currency pair has experienced a significant development as it broke below the key support level at 1.2690. This break suggests that the previous upside move from 1.2307 has likely reached its completion at 1.2847. Traders...

GBPUSD Daily Analysis – June 22, 2023

by ForexCycle.com | June 22, 2023 2:24 am
The GBPUSD currency pair has shown resilience as it failed to break below the bottom of the rising price channel on the 4-hour chart and instead rebounded from the 1.2690 level. This rebound suggests that the pair...

GBPUSD Daily Analysis – June 21, 2023

by ForexCycle.com | June 21, 2023 2:07 am
The GBPUSD currency pair has exhibited a resilient uptrend, remaining within a rising price channel on the 4-hour chart. The pair’s upward movement from 1.2307 has been notable, with a recent pullback observed from the high of...

GBPUSD Daily Analysis – June 20, 2023

by ForexCycle.com | June 20, 2023 2:42 am
The GBPUSD currency pair has demonstrated resilience, remaining within a rising price channel on the 4-hour chart and sustaining its uptrend from 1.2307. The recent pullback from the high of 1.2847 can be seen as a consolidation...

GBPUSD Daily Analysis – June 19, 2023

by ForexCycle.com | June 19, 2023 12:39 am
The GBPUSD currency pair has exhibited notable strength as it extended its upward movement from 1.2307 to reach a high of 1.2847. This continued rally suggests that further gains may be in store for the pair, with...

GBPUSD Weekly Analysis – June 18, 2023

by ForexCycle.com | June 18, 2023 7:42 am
The GBPUSD currency pair has made a significant breakthrough, surpassing the key resistance level at 1.2679 and extending its long-term upside move from 1.0352 to reach as high as 1.2847. This breakout suggests that bullish momentum is...

GBPUSD Daily Analysis – June 15, 2023

by ForexCycle.com | June 15, 2023 12:57 am
The GBPUSD currency pair has demonstrated significant strength, extending its upside movement from 1.2307 to reach as high as 1.2698, successfully breaking above the key resistance level at 1.2679. This breakout suggests a continuation of the bullish...

GBPUSD Daily Analysis – June 14, 2023

by ForexCycle.com | June 14, 2023 12:56 am
The GBPUSD currency pair has been showing resilience as it maintains its upward trajectory from the 1.2307 level. However, in recent trading sessions, the pair has encountered resistance at the upper boundary of a rising price channel...

GBPUSD Daily Analysis – June 13, 2023

by ForexCycle.com | June 13, 2023 7:14 am
The GBPUSD currency pair has remained within a rising price channel on the 4-hour chart, indicating the continuation of its uptrend from the 1.2307 level. Traders can anticipate further upward movement in the pair, with the next...

GBPUSD Daily Analysis – June 12, 2023

by ForexCycle.com | June 12, 2023 1:31 am
The GBPUSD currency pair has recently surpassed a significant resistance level at 1.2545, signaling a potential completion of the preceding downward move from 1.2679, which ended at 1.2307. This breakout suggests a shift in market sentiment and...