GBPUSD Daily Analysis – October 8, 2019

by ForexCycle.com | October 8, 2019 2:20 am
GBPUSD is facing 1.2260 support, a breakdown below this level could trigger another downside movement towards 1.2000. On the upside, as long as 1.2260 support holds, the fall from 1.2413 could be treated as consolidation for the...

GBPUSD Daily Analysis – October 7, 2019

by ForexCycle.com | October 7, 2019 2:49 am
GBPUSD is now in the uptrend from 1.2205, further rally could be expected in the coming days and next target would be at 1.2500 area. Support is at 1.2260, only break below this level could trigger another...

GBPUSD Weekly Analysis – October 6, 2019

by ForexCycle.com | October 6, 2019 12:53 pm
No changed in our view, GBPUSD remains in the uptrend from 1.1958, the fall from 1.2581 is likely corrective consolidation for the uptrend. Further rise could be expected after the consolidation and next target would be at...

GBPUSD Daily Analysis – October 4, 2019

by ForexCycle.com | October 4, 2019 1:59 am
GBPUSD broke above 1.2346 resistance, suggesting that the downside movement from 1.2581 had completed at 1.2205 already. Further rally could be expected in a couple of days and next target would be at 1.2500 area. Near term...

GBPUSD Daily Analysis – October 3, 2019

by ForexCycle.com | October 3, 2019 3:13 am
GBPUSD moved sideways in a narrow rang between 1.2205 and 1.2346. As long as 1.2346 resistance holds, the price action in the rang could be treated as consolidation for the downtrend from 1.2581, further decline to 1.2100...

GBPUSD Daily Analysis – October 2, 2019

by ForexCycle.com | October 1, 2019 11:37 pm
GBPUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2205 could be treated as consolidation for the downtrend from 1.2581, further...

GBPUSD Daily Analysis – October 1, 2019

by ForexCycle.com | September 30, 2019 10:55 pm
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.2581. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

GBPUSD Daily Analysis – September 30, 2019

by ForexCycle.com | September 29, 2019 11:17 pm
GBPUSD extended its downside movement from 1.2581 to as low as 1.2270. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue, next target...

GBPUSD Weekly Analysis – September 29, 2019

by ForexCycle.com | September 29, 2019 2:53 am
GBPUSD remains in the uptrend from 1.1958, the pullback from 1.2581 would possibly be corrective consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 1.3000 area. Support levels...

GBPUSD Daily Analysis – September 27, 2019

by ForexCycle.com | September 27, 2019 4:43 am
GBPUSD extended its downside movement from 1.2581 to as low as 1.2303. 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...