GBPUSD Weekly Analysis – September 15, 2019

by ForexCycle.com | September 15, 2019 10:08 am
GBPUSD broke above the falling price channel on the daily chart, suggesting that the downside movement from 1.3381 had completed at 1.1958 already. Further rally could be expected and next target would be at 1.2800 area. Near...

GBPUSD Daily Analysis – September 13, 2019

by ForexCycle.com | September 13, 2019 2:39 am
GBPUSD remains in the uptrend from 1.1958, the pullback from 1.2385 is likely consolidation for the uptrend. Further rise could be expected and next target would be at 1.2500 area. Key support is at 1.2233, only break...

GBPUSD Daily Analysis – September 12, 2019

by ForexCycle.com | September 12, 2019 3:02 am
GBPUSD moved sideways in a trading range between 1.2233 and 1.2385. As long as 1.2233 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.1958, a break of 1.2385 resistance could take...

GBPUSD Daily Analysis – September 11, 2019

by ForexCycle.com | September 11, 2019 2:57 am
GBPUSD remains in the uptrend from 1.1958, as long as 1.2233 support holds, the upside movement could be expected to continue and next target would be at 1.2500 area. However, a breakdown below 1.2233 support would indicate...

GBPUSD Daily Analysis – September 10, 2019

by ForexCycle.com | September 9, 2019 10:48 pm
GBPUSD extended its upside movement from 1.1958 to as high as 1.2385. Further rise could be expected and next target would be at 1.2500 area. Support is at 1.2233 a breakdown below this level could bring the...

GBPUSD Daily Analysis – September 9, 2019

by ForexCycle.com | September 8, 2019 10:43 pm
GBPUSD is in the uptrend from 1.1958, the pullback from 1.2353 is likely consolidation for the uptrend. Range trading between 1.2180 and 1.2353 would likely be seen in a couple of days. As long as 1.2180 support...

GBPUSD Weekly Analysis – September 8, 2019

by ForexCycle.com | September 8, 2019 4:50 am
GBPUSD is facing the resistance of the falling price channel on the daily chart. As long as the channel resistance holds, the bounce from 1.1958 could be treated as consolidation for the downtrend from 1.3381, further decline...

GBPUSD Daily Analysis – September 6, 2019

by ForexCycle.com | September 6, 2019 3:14 am
GBPUSD extended its upside movement from 1.1958 to as high as 1.2353, breaking above 1.2309 resistance. Further rally is still possible in a couple of days and next target would be at 1.2500 area. Near term support...

GBPUSD Daily Analysis – September 5, 2019

by ForexCycle.com | September 5, 2019 3:56 am
GBPUSD broke above the resistance of the falling trend line on the 4-hour chart, indicating that the downside movement from 1.2309 had completed at 1.1958 already. Further rise is still possible and next target would be at...

GBPUSD Daily Analysis – September 4, 2019

by ForexCycle.com | September 4, 2019 3:33 am
GBPUSD bounced strongly from 1.1958, however, as long as the price is below the falling trend line on the 4-hour chart, the bounce could be treated as consolidation for the downtrend from 1.2309, another fall towards 1.1900...