GBPUSD Daily Analysis – May 15, 2020

by ForexCycle.com | May 15, 2020 2:45 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 downtrend could be expected to continue and next target would...

GBPUSD Daily Analysis – May 14, 2020

by ForexCycle.com | May 14, 2020 1:36 am
GBPUSD extended its downside movement from 1.2642 to as low as 1.2209. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.2100 area. Only...

GBPUSD Daily Analysis – May 13, 2020

by ForexCycle.com | May 13, 2020 2:53 am
GBPUSD broke below 1.2265 support, suggesting that the downtrend from 1.2642 has resumed. Further decline could be expected and next target would be at 1.2100 area. Key resistance is at 1.2466, only break above this level could...

GBPUSD Daily Analysis – May 12, 2020

by ForexCycle.com | May 12, 2020 4:25 am
GBPUSD is facing 1.2265 support, a breakdown below this level could signal resumption of the downtrend from 1.2642, then next target would be at 1.2100 area. Resistance is at 1.2466, a breakout of this level could trigger...

GBPUSD Daily Analysis – May 11, 2020

by ForexCycle.com | May 10, 2020 10:59 pm
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.2642 had completed at 1.2265 already. Further rally would likely be seen in the coming days and next target would...

GBPUSD Weekly Analysis – May 10, 2020

by ForexCycle.com | May 10, 2020 3:03 am
GBPUSD continued its sideways movement in a trading range between 1.2160 and 1.2647. The sideways movement is likely consolidation for the uptrend from 1.1409, a breakout of 1.2647 resistance could trigger further upside movement towards the falling...

GBPUSD Daily Analysis – May 8, 2020

by ForexCycle.com | May 8, 2020 1:48 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 downside movement could be expected to continue and next target...

GBPUSD Daily Analysis – May 7, 2020

by ForexCycle.com | May 7, 2020 1:05 am
GBPUSD extended its downside movement from 1.2642 to as low as 1.2320. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

GBPUSD Daily Analysis – May 6, 2020

by ForexCycle.com | May 6, 2020 1:23 am
GBPUSD remains in the downtrend from 1.2642. Further decline could be expected after a minor consolidation and next target would be at 1.2200 area. Near term resistance is at 1.2540, only break above this level could trigger...

GBPUSD Daily Analysis – May 5, 2020

by ForexCycle.com | May 5, 2020 2:31 am
GBPUSD is now in the downtrend from 1.2642. Further decline would likely be seen after a minor consolidation and next target would be at 1.2200 area. Near term resistance is at 1.2540, only break above this level...