GBPUSD Daily Analysis – February 14, 2020

by ForexCycle.com | February 14, 2020 3:41 am
GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.3209 had completed at 1.2871 already. Further rally would likely be seen and next target would be at 1.3150 area....

GBPUSD Daily Analysis – February 13, 2020

by ForexCycle.com | February 13, 2020 3:17 am
GBPUSD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2871 could be treated as consolidation for the downtrend from 1.3209, further decline...

GBPUSD Daily Analysis – February 12, 2020

by ForexCycle.com | February 12, 2020 3:44 am
GBPUSD stays in a falling price channel on the 4-hour chart and remains in downtrend from 1.3209. As long as the channel resistance holds, the bounce from 1.2871 could be treated as consolidation for the downtrend, and...

GBPUSD Daily Analysis – February 11, 2020

by ForexCycle.com | February 11, 2020 3:49 am
GBPUSD’s downside movement from 1.3209 extended to as low as 1.2871. Further decline would likely be seen after a minor consolidation and next target would be at 1.2800 area. Near term resistance is at 1.2960, a break...

GBPUSD Daily Analysis – February 10, 2020

by ForexCycle.com | February 10, 2020 3:25 am
GBPUSD extended its downside movement from 1.3209 to as low as 1.2881. Further decline is still possible after a minor consolidation and next target would be at 1.2800 area. Near term resistance is at 1.2960, a break...

GBPUSD Weekly Analysis – February 9, 2020

by ForexCycle.com | February 9, 2020 11:35 am
GBPUSD broke below 1.2905 support, suggesting that the upside movement from 1.1958 had completed at 1.3514 already. Further decline would likely be seen in a couple of weeks and next target would be at 1.2500 area. Resistance...

GBPUSD Daily Analysis – February 7, 2020

by ForexCycle.com | February 7, 2020 4:35 am
GBPUSD’s downside movement from 1.3209 extended to as low as 1.2920. Further decline would likely be seen in the coming days and next target would be at 1.2800 area. Near term resistance is at 1.3000, a break...

GBPUSD Daily Analysis – February 6, 2020

by ForexCycle.com | February 6, 2020 4:20 am
GBPUSD remains in the downtrend from 1.3209, further decline would likely be seen in the coming days, and next target would be at 1.2800 area. Near term resistance is at 1.3070, a break of this level could...

GBPUSD Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:22 am
GBPUSD broke below 1.2954 support, suggesting that the downtrend from 1.3514 has resumed. Further decline could be expected in the coming days, and next target would be at 1.2850 area. Resistance is at 1.3050, above this level...

GBPUSD Daily Analysis – February 4, 2020

by ForexCycle.com | February 4, 2020 5:08 am
GBPUSD is facing 1.2954 support once again. A breakdown below this level would indicate that the downtrend from 1.3514 has resumed, then further decline towards 1.2750 could be seen. Near term resistance is at 1.3030, above this...