GBPUSD Daily Analysis – December 6, 2019

by ForexCycle.com | December 6, 2019 3:23 am
GBPUSD’s upside movement from 1.2822 extended to as high as 1.3165. Further rise is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3085, a breakdown below...

GBPUSD Daily Analysis – December 5, 2019

by ForexCycle.com | December 5, 2019 3:19 am
GBPUSD extended its upside movement from 1.2822 to as high as 1.3120. Further rise would likely be seen after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3050, below...

GBPUSD Daily Analysis – December 4, 2019

by ForexCycle.com | December 4, 2019 4:53 am
GBPUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2822. As long as the trend line support holds, the upside movement could be expected to continue and next target...

GBPUSD Daily Analysis – December 3, 2019

by ForexCycle.com | December 3, 2019 4:27 am
GBPUSD remains in the short term uptrend from 1.2822. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be...

GBPUSD Daily Analysis – December 2, 2019

by ForexCycle.com | December 2, 2019 1:31 am
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2822. As long as the channel support holds, the upside movement could be expected to continue and next target would...

GBPUSD Weekly Analysis – December 1, 2019

by ForexCycle.com | December 1, 2019 2:07 pm
GBPUSD continued its sideways movement in a trading range between 1.2768 and 1.3012. The sideways move is likely consolidation for the uptrend from 1.1958. As long as 1.2768 support holds, the upside movement could be expected to...

GBPUSD Daily Analysis – November 29, 2019

by ForexCycle.com | November 29, 2019 3:33 am
GBPUSD’s short term uptrend from 1.2822 extended to as high as 1.2950. Further rise is still possible and next target would be at 1.3000 area. Near term support is at 1.2880, below this level could trigger another...

GBPUSD Daily Analysis – November 28, 2019

by ForexCycle.com | November 28, 2019 1:44 am
GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the short term downtrend from 1.2985 had completed at 1.2822 already. Further rally could be expected and next target would be at 1.3000 area....

GBPUSD Daily Analysis – November 27, 2019

by ForexCycle.com | November 27, 2019 3:57 am
GBPUSD remains in the downtrend from 1.2985. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2768...

GBPUSD Daily Analysis – November 26, 2019

by ForexCycle.com | November 26, 2019 3:57 am
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.2985. As long as the channel resistance holds, the bounce from 1.2822 could be treated as consolidation for the downtrend,...