Tag: GBPUSD

GBPUSD breaks below the support of the rising trend line from 1.3654 to 1.4110, suggesting that a cycle top has been formed at 1.5066 level on daily chart and the rise from 1.3654 has completed. Further fall...

GBPUSD stays above the rising trend line from 1.3654 to 1.4110, and remains in uptrend from 1.3654. As long as the trend line support holds, further rise is in favor. The next target would be at 1.5300-1.5400...

GBPUSD remains in uptrend from 1.3654. Further rise is still possible to 1.5300-1.5400 area after consolidation. Initial support is at the rising trend line from 1.3654 to 1.4110, as long as the trend line support holds, the...

GBPUSD breaks above 1.4779 and reaches as high as 1.4846 level. Further rise is now in favor and the next target would be at 1.5300-1.5400 area. Key support is at 1.4110, only fall below this level will...

GBPUSD is testing the resistance of 1.4779, a break above this level will indicate that the rise from 1.3654 has resumed and then further rally could be seen to 1.5300 zone. Near term support is located at...

GBPUSD pulls back to 1.4110 level, suggesting that a cycle top has been formed at 1.4779 on daily chart. Consolidation in a range between 1.3900 and 1.4779 would more likely be seen. However, one more rise is...

GBPUSD remains in uptrend from 1.3654. Further rise above 1.4985 to reach the next cycle top on daily chart is possible in a couple of weeks. Key support is located at 1.3654, below this level will indicate...

GBPUSD formed a cycle bottom at 1.3654 level on daily chart. Further rise to test 1.4985 resistance is now in favor, a break of this level will indicate that the fall from 2.0158 (July 15, 2008 high)...

GBPUSD breaks above 1.4305 key resistance, suggesting that a cycle bottom has been formed at 1.3654 level on daily chart and the fall from 1.4985 has completed. Further rebound is expected to test 1.4985 previous high resistance,...