GBPUSD Daily Analysis – February 3, 2020

by ForexCycle.com | February 3, 2020 4:17 am
GBPUSD broke above the upper border of the triangle pattern on the 4-hour. Further rally would likely be seen in a couple of days and next target would be at 1.3280, followed by 1.3400. Near term support...

GBPUSD Weekly Analysis – February 2, 2020

by ForexCycle.com | February 2, 2020 1:39 pm
GBPUSD continued its sideways movement in a trading range between 1.2905 and 1.3284. The sideways movement is likely consolidation for the uptrend from 1.1958, a break of 1.3284 resistance could trigger further upside movement towards 1.3800. On...

GBPUSD Daily Analysis – January 31, 2020

by ForexCycle.com | January 31, 2020 2:48 am
GBPUSD formed a triangle pattern on the 4-hour chart. A break of the upper border of the pattern could take the price to next resistance level at 1.3280, followed by 1.3400. On the downside, a breakdown below...

GBPUSD Daily Analysis – January 30, 2020

by ForexCycle.com | January 30, 2020 4:07 am
GBPUSD is facing 1.2954 support, a breakdown below this level could trigger further downside movement towards 1.2850, followed by 1.2800. Near term resistance is at 1.3065, only break above this level could trigger another rise towards 1.3200.

GBPUSD Daily Analysis – January 29, 2020

by ForexCycle.com | January 29, 2020 3:09 am
GBPUSD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2954 had completed at 1.3173 already. Further decline would likely be seen in the coming days and...

GBPUSD Daily Analysis – January 28, 2020

by ForexCycle.com | January 28, 2020 3:30 am
GBPUSD is facing the support of the rising price channel on the 4-hour chart. As long as the channel support holds, the pullback from 1.3173 could be treated as consolidation for the uptrend from 1.2954, another rise...

GBPUSD Daily Analysis – January 27, 2020

by ForexCycle.com | January 27, 2020 4:37 am
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2954. As long as the channel support holds the pullback from 1.3173 could be treated as consolidation for the uptrend...

GBPUSD Weekly Analysis – January 26, 2020

by ForexCycle.com | January 26, 2020 2:37 am
GBPUSD moved sideways in a trading range between 1.2905 and 1.3284. Support is at 1.2905, a breakdown below this level would confirm that the upside movement from 1.1958 had completed at 1.3514 already, then further decline to...

GBPUSD Daily Analysis – January 23, 2020

by ForexCycle.com | January 23, 2020 3:37 am
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3284 had completed at 1.2954 already. Further rally could be expected in a couple of days and next target would...

GBPUSD Daily Analysis – January 22, 2020

by ForexCycle.com | January 22, 2020 4:09 am
GBPUSD moved sideways in a trading range between 1.2954 and 1.3118. 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 target...