GBPUSD Daily Analysis – August 14, 2020

by ForexCycle.com | August 14, 2020 2:24 am
GBPUSD failed to break below 1.2980 support and moved sideways in a trading range between 1.2980 and 1.3185. As long as 1.2980 support holds, the upside movement from 1.2251 (Jun 29 low) could be expected to resume,...

GBPUSD Daily Analysis – August 13, 2020

by ForexCycle.com | August 12, 2020 10:37 pm
GBPUSD is facing 1.2980 support, a breakdown below this level would indicate that the upside movement from 1.2251 (Jun 29 low) had completed at 1.3185 already, then the pair would find next support level at around 1.2850,...

GBPUSD Daily Analysis – August 12, 2020

by ForexCycle.com | August 12, 2020 4:52 am
GBPUSD continued its sideways movement in a trading range between 1.2980 and 1.3185. The price action in the range is likely consolidation for the uptrend from 1.2251 (Jun 29 low). As long as 1.2980 support holds the...

GBPUSD Daily Analysis – August 11, 2020

by ForexCycle.com | August 10, 2020 10:26 pm
GBPUSD moved sideways in a trading range between 1.2980 and 1.3185. As long as 1.2980 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.2251 (Jun 29 low), and further rise towards...

GBPUSD Daily Analysis – August 10, 2020

by ForexCycle.com | August 10, 2020 5:00 am
GBPUSD remains in the uptrend from 1.2251 (Jun 29 low), the price action from 1.3169 is likely consolidation for the uptrend. As long as 1.2980 support holds, the upside movement could be expected to continue and next...

GBPUSD Weekly Analysis – August 9, 2020

by ForexCycle.com | August 9, 2020 8:19 am
GBPUSD’s upside movement from 1.1409 extended to as high as 1.3185. Further rise is still possible after a minor consolidation and next target would be at 1.3500 area. Near term support is at 1.2950, a breakdown below...

GBPUSD Daily Analysis – August 6, 2020

by ForexCycle.com | August 5, 2020 10:34 pm
GBPUSD is facing 1.3169 resistance. A breakout of this level could trigger further upside movement to 1.3300 area. Near term support is at 1.3050, a breakdown below this level could bring the price back into 1.2850 zone.

GBPUSD Daily Analysis – August 5, 2020

by ForexCycle.com | August 5, 2020 3:32 am
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2251 is underway. Range trading between 1.2850 and 1.3169 would likely be seen in the coming days.

GBPUSD Daily Analysis – August 4, 2020

by ForexCycle.com | August 3, 2020 10:00 pm
GBPUSD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.3169 could be treated as consolidation for the uptrend from 1.2479, and...

GBPUSD Daily Analysis – August 3, 2020

by ForexCycle.com | August 2, 2020 10:29 pm
GBPUSD remains in the uptrend from 1.2479, the pullback from 1.3169 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...