GBPUSD Daily Analysis – May 4, 2020

by ForexCycle.com | May 4, 2020 1:30 am
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2246 had completed at 1.2642 already. Deeper decline would likely be seen and next target would be at 1.2200 area....

GBPUSD Weekly Analysis – May 3, 2020

by ForexCycle.com | May 3, 2020 11:38 am
GBPUSD failed to break above 1.2647 resistance and stayed in a trading range between 1.2160 and 1.2647. As long as 1.2160 support holds, the uptrend from 1.1409 could be expected to resume, and further rise towards the...

GBPUSD Daily Analysis – May 1, 2020

by ForexCycle.com | May 1, 2020 3:06 am
GBPUSD is facing 1.2647 resistance, a break of this level could trigger further upside movement to 1.2800 area. Near term support is at 1.2530, a breakdown below this level could bring the price back towards the rising...

GBPUSD Daily Analysis – April 30, 2020

by ForexCycle.com | April 30, 2020 1:34 am
GBPUSD remains in the uptrend from 1.2246. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 1.2517 could be treated as consolidation for the uptrend, and further rise...

GBPUSD Daily Analysis – April 29, 2020

by ForexCycle.com | April 29, 2020 3:40 am
GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2246. As long as the trend line support holds, the uptrend could be expected to continue and next target would...

GBPUSD Daily Analysis – April 28, 2020

by ForexCycle.com | April 28, 2020 1:07 am
GBPUSD extended its upside movement from 1.2246 to as high as 1.2454. Further rise would likely be seen in the coming days and next target would be at 1.2550 area. Support is located at the rising trend...

GBPUSD Daily Analysis – April 27, 2020

by ForexCycle.com | April 27, 2020 2:05 am
GBPUSD is in the uptrend from 1.2246, further rally would likely be seen in a couple of days and next target would be at 1.2550 area. Support is at 1.2246, only break below this level could trigger...

GBPUSD Weekly Analysis – April 26, 2020

by ForexCycle.com | April 26, 2020 5:37 am
GBPUSD moved sideways in a trading range between 1.2160 and 1.2647. As long as 1.2160 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.1409, and further rise towards the falling trend...

GBPUSD Daily Analysis – April 24, 2020

by ForexCycle.com | April 24, 2020 2:27 am
GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.2647 had completed at 1.2246 already. Further rally would likely be seen in the coming days and next target would...

GBPUSD Daily Analysis – April 23, 2020

by ForexCycle.com | April 23, 2020 1:40 am
GBPUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 1.2647. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...