GBPUSD Weekly Analysis – May 27, 2023

by ForexCycle.com | May 27, 2023 4:35 am
The GBPUSD currency pair has recently broken below a rising trend line on the weekly chart, indicating that a period of consolidation for the uptrend from 1.0352 is currently underway. This consolidation phase suggests a temporary pause...

GBPUSD Daily Analysis – May 25, 2023

by ForexCycle.com | May 25, 2023 2:04 am
The GBPUSD currency pair has experienced a further decline, with the price now approaching a crucial support level at 1.2350. This level holds significance as a breakthrough could potentially trigger additional downside movement and set the stage...

GBPUSD Daily Analysis – May 24, 2023

by ForexCycle.com | May 24, 2023 2:22 am
The GBPUSD pair has witnessed a significant development as it broke below the crucial support level at 1.2391, indicating a resumption of the downside movement from 1.2679. This breakdown has altered the near-term outlook for the pair,...

GBPUSD Daily Analysis – May 23, 2023

by ForexCycle.com | May 23, 2023 8:10 am
The GBPUSD currency pair finds itself at a critical juncture as it approaches the support level at 1.2391. Traders are closely monitoring this level as a breakdown below it could trigger further downside movement and potentially lead...

GBPUSD Daily Analysis – May 22, 2023

by ForexCycle.com | May 22, 2023 10:34 am
The GBPUSD currency pair remains locked in a persistent downtrend, with the recent bounce from 1.2391 being viewed as a period of consolidation within this overall bearish trend. Traders should exercise caution as the pair grapples with...

GBPUSD Weekly Analysis – May 21, 2023

by ForexCycle.com | May 21, 2023 2:53 am
The GBPUSD currency pair is currently encountering a significant level of support as it approaches the rising trend line on the weekly chart. Traders are closely monitoring this level, as it could play a crucial role in...

GBPUSD Analysis – May 19, 2023

by ForexCycle.com | May 19, 2023 8:17 am
The GBPUSD pair has experienced a continued downside move, with the price extending as low as 1.2391 from its recent peak at 1.2679. Traders and investors are closely observing the market as the pair remains under pressure,...

GBPUSD Analysis – May 18, 2023

by ForexCycle.com | May 18, 2023 12:36 pm
The GBPUSD pair has encountered a significant development as it broke below the key support level at 1.2442. This break suggests that the downtrend from the previous high of 1.2679 has resumed, indicating a shift in the...

GBPUSD Analysis – May 17, 2023

by ForexCycle.com | May 17, 2023 1:32 am
The GBPUSD pair experienced a brief encounter with the 1.2540 resistance level, only to pull back and establish a trading range between 1.2442 and 1.2540. This price action suggests that the pair remains within a downtrend, which...

GBPUSD Analysis – May 16, 2023

by ForexCycle.com | May 16, 2023 3:29 am
The GBPUSD pair recently experienced a failed attempt to break below the support level at 1.2435 and subsequently rebounded from a low of 1.2442. The price action suggests that the pair is currently facing resistance at the...