Tag: GBPUSD

GBPUSD is forming a cycle top at 1.5534 on daily chart. Key support is located at 1.4557, a break down below this level will confirm the cycle top, and then deeper decline could be seen to 1.4000...

GBPUSD formed a cycle bottom at 1.4557 level on daily chart. Further rebound is expected to 1.6000 zone next week. However, the rise from 1.4557 is treated as correction to down trend from 2.0158 (July 15 high),...

GBPUSD might be forming a cycle bottom at 1.4557 on daily chart. Key resistance is now located at 1.5270, a break above this level will confirm the cycle bottom, and then further rally could be seen towards...

GBPUSD consolidated in a narrow range between 1.4557 and 1.5249 for several days. Further fall is still in favor after consolidation, a break below 1.4557 will signal resumption of down trend. Initial resistance is located at 1.5270...

GBPUSD stays below the down trend line on daily chart. As long as the trend line resistance holds, we’d expect downtrend to continue, and target would be at 1.4000 zone or even lower. Initial resistance is at...

GBPUSD drops below 1.5269 previous low support. Further decline could be seen to 1.4500 zone. Initial resistance is at the down trend line on daily chart, and as long as the trend line resistance holds, we’d expect...

GBPUSD is forming a sideways consolidation in a range between 1.5269 and 1.6671. As long as 1.6671 resistance holds, we’d expect downtrend to resume and deeper decline towards 1.4500 zone is still possible after consolidation.

GBPUSD stays below the down trend line on daily chart and remains in down trend. The rebound from 1.5269 is treated as correction to down trend. As long as the trend line resistance holds, we’d expect down...

GBPUSD remains in down trend and drops sharply to as low as 1.5269 level. Further fall could be seen to 1.4500 level in a couple of weeks. Initial resistance is at 1.6150 and followed by 1.6350, and...

GBPUSD breaks below 1.6786 support and down trend resumes. Deeper decline could be seen to 1.6000 zone in next several days. Initial resistance is located at 1.7630, as long as this level holds, we’d expect down trend...