GBPUSD Weekly Analysis – June 10, 2023

by ForexCycle.com | June 10, 2023 1:29 am
The GBPUSD currency pair has been undergoing a consolidation phase, suggesting a temporary pause in the long-term uptrend that originated from 1.0352. The pullback from the recent high of 1.2679 is likely a period of consolidation before...

GBPUSD Daily Analysis – June 8, 2023

by ForexCycle.com | June 8, 2023 6:55 am
The GBPUSD currency pair has been experiencing a short-term downtrend since its peak at 1.2544. The recent bounce from 1.2367 can be seen as a consolidation phase within this downward movement. Traders should be aware that further...

GBPUSD Daily Analysis – June 7, 2023

by ForexCycle.com | June 7, 2023 1:30 am
The GBPUSD currency pair remains entrenched in a downtrend that started from the peak at 1.2679. The recent pullback from the 1.2544 level suggests a resumption of the downward movement, as sellers exert their control over the...

GBPUSD Daily Analysis – June 6, 2023

by ForexCycle.com | June 6, 2023 7:37 am
The GBPUSD currency pair has been locked in a persistent downtrend from its peak at 1.2679. Despite a recent bounce from the 1.2307 level, it is likely a temporary consolidation within the broader downward movement. As the...

GBPUSD Daily Analysis – June 5, 2023

by ForexCycle.com | June 5, 2023 1:53 am
The GBPUSD currency pair experienced a failed attempt to break above the resistance level at 1.2545, resulting in a pullback to 1.2425. The subsequent break below the support level at 1.2430 suggests that the pair remains within...

GBPUSD Weekly Analysis – June 4, 2023

by ForexCycle.com | June 4, 2023 3:36 am
The GBPUSD currency pair has entered a phase of consolidation following the previous uptrend from 1.0352. Traders are closely monitoring the price action, with expectations of a potential decline towards the 1.1800 level over the coming weeks....

GBPUSD Daily Analysis – June 2, 2023

by ForexCycle.com | June 2, 2023 11:35 am
The GBPUSD currency pair has recently experienced a significant breakthrough, as it broke above the key resistance level at 1.2483. This breakout indicates that the previous downside move from 1.2679 to 1.2307 has potentially come to an...

GBPUSD Daily Analysis – June 1, 2023

by ForexCycle.com | June 1, 2023 2:43 am
The GBPUSD currency pair has been trading in a sideways manner, moving within a range bound by the support level at 1.2307 and the resistance level at 1.2483. This consolidation phase has left traders contemplating the pair’s...

GBPUSD Daily Analysis – May 31, 2023

by ForexCycle.com | May 31, 2023 3:11 am
The GBPUSD currency pair has recently broken above a falling trend line on the 4-hour chart, signaling a potential shift in the market dynamics. This breakout suggests a period of consolidation for the ongoing downtrend from 1.2679....

GBPUSD Daily Analysis – May 29, 2023

by ForexCycle.com | May 29, 2023 10:47 am
The GBPUSD currency pair has been mired in a persistent downtrend, marked by its position below a descending trend line on the 4-hour chart. The pair continues to grapple with bearish pressures that originated from the high...