GBPUSD Daily Analysis – May 27, 2020

by ForexCycle.com | May 27, 2020 4:11 am
GBPUSD extended its upside movement from 1.2073 to as high as 1.2362, breaking above 1.2296 resistance. Further rally could be expected and next target would be at 1.2450 area. Near term support is at 1.2290, a breakdown...

GBPUSD Daily Analysis – May 26, 2020

by ForexCycle.com | May 26, 2020 1:49 am
No changed in our view, GBPUSD remains in the uptrend from 1.2073, the pullback from 1.2296 could be treated as consolidation for the uptrend. Another rise could be expected and next target would be at 1.2450 area....

GBPUSD Daily Analysis – May 25, 2020

by ForexCycle.com | May 25, 2020 4:26 am
GBPUSD is now in the uptrend from 1.2073, the pullback from 1.2296 is likely corrective consolidation for the uptrend. Further rally would likely be seen and next target would be at 1.2450 area. Support is at 1.2073,...

GBPUSD Daily Analysis – May 22, 2020

by ForexCycle.com | May 22, 2020 4:17 am
GBPUSD broke above the falling trend line on the 4-hour chart and is now in the uptrend from 1.2073. Further rally would likely be seen and next target would be at 1.2450 area. Support is at 1.2073,...

GBPUSD Daily Analysis – May 21, 2020

by ForexCycle.com | May 21, 2020 2:28 am
GBPUSD is now in the uptrend from 1.2073, the pullback from 1.2296 is likely corrective consolidation for the uptrend. Further rally could be expected and next target would be at 1.2450 area. Support is at 1.2073, only...

GBPUSD Daily Analysis – May 20, 2020

by ForexCycle.com | May 20, 2020 2:42 am
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.2642 had completed at 1.2073 already. Further rally would likely be seen and next target would be at 1.2466 resistance....

GBPUSD Daily Analysis – May 19, 2020

by ForexCycle.com | May 19, 2020 1:55 am
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.2642. As long as the trend line resistance holds, the bounce from 1.2073 could be treated as consolidation for the...

GBPUSD Daily Analysis – May 18, 2020

by ForexCycle.com | May 18, 2020 2:32 am
GBPUSD extended its downside movement from 1.2642 to as low as 1.2073, breaking below 1.2164 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...

GBPUSD Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:01 pm
GBPUSD broke below 1.2160 support, suggesting that the rise from 1.1409 had completed at 1.2647 already. Deeper decline would likely be seen and next target would be at 1.1700 area. Near term resistance is at 1.2280, a...

Elliott Wave View: Pound Sterling in a New Impulsive Lower

by elliottwave-forecast.com | May 15, 2020 3:49 pm
The decline in Pound Sterling from 4.15.2020 high is unfolding as a 5 waves impulsive Elliott Wave structure, Down from 4.15,2020 high, wave 1 ended at 1.2245 and bounce in wave 2 ended at 1.2643. Wave 3...