GBPUSD Daily Analysis – April 10, 2020

by ForexCycle.com | April 10, 2020 12:26 am
GBPUSD broke above the top of the falling price channel on the 4-hour chart, suggesting that the upside movement from 1.1409 has resumed. Further rise would likely be seen and next target would be at 1.2800 area....

GBPUSD Daily Analysis – April 9, 2020

by ForexCycle.com | April 9, 2020 2:00 am
GBPUSD is facing the resistance of the falling price channel on the 4-hour chart. A breakout of the channel resistance would indicate that the upside movement from 1.1409 has resumed, then further rise to 1.2800 area could...

GBPUSD Daily Analysis – April 8, 2020

by ForexCycle.com | April 8, 2020 3:21 am
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.2485. As long as the channel resistance holds, the bounce from 1.2164 could be treated as consolidation for the downtrend...

GBPUSD Daily Analysis – April 7, 2020

by ForexCycle.com | April 7, 2020 2:14 am
GBPUSD is now in the downtrend from 1.2485, further decline could be expected after a minor consolidation and next target would be at 1.1900 area. Near term resistance is at 1.2330, only break above this level could...

GBPUSD Daily Analysis – April 6, 2020

by ForexCycle.com | April 6, 2020 12:38 am
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1409 had completed at 1.2485 already. Further decline would likely be seen in the coming days and next target would...

GBPUSD Weekly Analysis – April 5, 2020

by ForexCycle.com | April 5, 2020 7:09 am
GBPUSD rebounded strongly from 1.1409, suggesting that the downside movement from 1.3514 had completed. Further rally would likely be seen after a minor consolidation and a break of 1.2485 resistance could take the price towards the falling...

GBPUSD Daily Analysis – April 3, 2020

by ForexCycle.com | April 3, 2020 1:20 am
GBPUSD continued its sideways movement in a trading range between 1.2243 and 1.2485. The price action in the range is likely consolidation for the uptrend from 1.1409 and further rise to 1.2800 area is possible after the...

GBPUSD Daily Analysis – April 2, 2020

by ForexCycle.com | April 2, 2020 2:10 am
GBPUSD moved sideways in a trading range between 1.2243 and 1.2485. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target...

GBPUSD Daily Analysis – April 1, 2020

by ForexCycle.com | April 1, 2020 2:38 am
GBPUSD stays in a rising trend line on the 4-hour chart and remains in the uptrend from 1.1409. As long as the trend line support holds, the upside movement could be expected to continue and next target...

GBPUSD Daily Analysis – March 31, 2020

by ForexCycle.com | March 31, 2020 2:55 am
GBPUSD pulled back from 1.2485. As long as the price is above the rising trend line on the 4-hour chart, the pullback could be treated as consolidation for the uptrend from 1.1409, further rise to 1.2800 is...