Tag: GBPUSD

GBPUSD is in range trading between 1.3503 and 1.4985. Deeper decline to test 1.3503 previous low is still possible next week. However, this level will more likely be held, and rebound is expected before breaking below this...

GBPUSD breaks below 1.4051 support. Deeper decline could be seen next week and target would be at 1.3700-50 area. Key resistance is now locate at 1.4661, only above this level will indicate that a cycle bottom has...

GBPUSD continues to move sideways above 1.4051 support. Consolidation in a range between 1.3503 and 1.4985 is expected in a couple of weeks. Deeper decline to 1.3700 could be seen if 1.4051 support gives way. Near term...

GBPUSD has formed a cycle top at 1.4985 level on daily chart. Consolidation in a range between 1.3503 and 1.4985 is expected in a couple of weeks. Long term key resistance is now at 1.4985, a break...

GBPUSD is forming a cycle top at 1.4985 on daily chart. Key support is located at 1.4051, a break below this level will confirm the cycle top, and then sideways consolidation in a range between 1.3503 and...

GBPUSD formed a cycle bottom at 1.3503 level on daily chart. Further rise towards 1.5400 area to reach the next cycle top is expected in a couple of weeks. Initial support is located at 1.4050, only fall...

GBPUSD is in downtrend, and the rebound from 1.3503 is treated as consolidation of the long term downtrend from 2.0158 (July 15, 2008 high). Key resistance is located at 1.5372, as long as this level holds, we’d...

GBPUSD is in downtrend and the fall from 1.5372 extends to 1.3503 level. Deeper decline is still possible next week. The next target would be around 1.3000 area. Initial resistance is now at 1.4025 and key resistance...

GBPUSD drops below 1.4350 previous low support, suggesting that the downtrend from 2.0158 (July 15, 2008 high) has resumed. Deeper decline could be seen to 1.3500 zone in next several days. Initial resistance is now located at...