GBP/USD 1.6387 – 20 October 2009

by ForexCycle.com | October 20, 2009 8:59 am
GBP/USD Open 1.6397 High 1.6446 Low 1.6251 Close 1.6417 On Monday Pound/Dollar descended down to the 1.6251 bottom, from where the cable started climbing up to 1.6436, closing the day at 1.6417. This morning ascending continued to...

GBPUSD Analysis – October 17, 2009

by ForexCycle.com | October 17, 2009 4:00 am
GBPUSD broke above 1.6125 key resistance and reached as high as 1.6399 level, suggesting that a cycle bottom has been formed at 1.5708 level on daily chart. Further rise to test the resistance of the falling trend...

GBP/USD 1.6313 – 16 October 2009

by ForexCycle.com | October 16, 2009 8:15 am
GBP/USD Open 1.6285 High 1.6400 Low 1.5993 Close 1.6267 Yesterday Pound/Dollar made a significant upward movement. The cable climbed from 1.5993 with nearly 300 pips, closing the day at 1.6267. This morning ascending continued to the key...

GBP/USD 1.6126 – 15 October 2009

by ForexCycle.com | October 15, 2009 8:06 am
GBP/USD Open 1.5995 High 1.6134 Low 1.5902 Close 1.5981 Pound/Dollar could not continue the downward scenario yesterday and followed the Euro upwards. On the 3 hour chart after failing to hold under 1.5753, quotes rose sharply, taking...

GBP/USD 1.5947 – 14 October 2009

by ForexCycle.com | October 14, 2009 7:59 am
GBP/USD Open 1.5929 High 1.5992 Low 1.5717 Close 1.5922 Pound/Dollar traded quieter on Tuesday. After reaching a peak at 1.5822, the Cable made a decreasing attempt, reaching a bottom at 1.5717, than rose sharply to 1.5940, closing...

GBP/USD 1.5786 – 13 October 2009

by ForexCycle.com | October 13, 2009 8:02 am
GBP/USD Open 1.5802 High 1.5878 Low 1.5738 Close 1.5796 On Monday Pound/Dollar made a significant bearish movement. On the 3 hour chart there is a hedging formation, indicating continuation of the bearish trend. After the consolidation and...

GBPUSD Analysis – October 10, 2009

by ForexCycle.com | October 10, 2009 4:08 am
GBPUSD consolidated in a narrow range between 1.5770 and 1.6125 for several days. Deeper decline to 1.5300-1.5500 area could be seen next week and a break below 1.5770 level will signal resumption of downtrend. Resistance is now...

GBP/USD 1.6034 – 8 October

by ForexCycle.com | October 8, 2009 8:57 am
GBP/USD Open 1.5951 High 1.6071 Low 1.5860 Close 1.5963 On Wednesday Pound/Dollar traded hesitantly, but with high volatility. On the 3 hour chart quotes climbed over 1.6000, reaching a peak at 1.5972, closing the day at 1.5921....

GBP/USD 1.5922 – 7 October

by ForexCycle.com | October 7, 2009 8:24 am
GBP/USD Open 1.5915 High 1.6045 Low 1.5860 Close 1.5916 Pound/Dollar traded with volatility on Tuesday. On the 3 hour chart Cable climbed above 1.6040, reaching a peak at 1.6043, where the upward impulse was stopped, and quotes...

GBP/USD 1.6010 – 6 October

by ForexCycle.com | October 6, 2009 8:18 am
GBP/USD Open 1.5930 High 1.6023 Low 1.5864 Close 1.5931 Yesterday Pound/Dollar traded hesitantly. The Cable increased up to the 1.6020 top, from where it started dropping down to the 1.5904 bottom, closing the day at 1.5931. Today...