GBPUSD Analysis – Sep 10, 2008

by ForexCycle.com | September 9, 2008 7:20 pm
GBPUSD remains in down trend, and the fall from 2.0158 extends to as low as 1.7471 level. A cycle top has been formed at 1.7974 on and further fall is still in favor in a couple of...

GBPUSD Analysis – Sep 6, 2008

by ForexCycle.com | September 5, 2008 8:40 pm
GBPUSD’s down trend remains and the fall from 2.0158 extends further to as low as 1.7537 level. Deeper decline is still possible to 1.7000-1.7200 area in a couple of weeks. Initial resistance is at the down trend...

GBPUSD Analysis – Sep 3, 2008

by ForexCycle.com | September 2, 2008 7:59 pm
GBPUSD drops sharply to as low as 1.7782 level. Deeper decline is still possible to 1.7500 in next few days. Initial resistance is at 1.8130 followed by 1.8365. As long as 1.8365 level holds, we’d expect down...

GBPUSD Analysis – Aug 30, 2008

by ForexCycle.com | August 29, 2008 6:48 pm
GBPUSD’s down trend from 2.0158 extends further to as low as 1.8173 level. Deeper decline is still possible to 1.8000 next week. Key resistance is located at 1.8794, a break of this level level will indicate that...

GBPUSD Analysis – Aug 27, 2008

by ForexCycle.com | August 26, 2008 7:36 pm
GBPUSD’s down trend remains and the fall from 2.0158 extended further to as low as 1.8330 yesterday. Deeper decline is expected to 1.8000 level in next few days. Key resistance is located at 1.8794, a break above...

GBPUSD Analysis – Aug 24, 2008

by ForexCycle.com | August 23, 2008 7:58 pm
GBPUSD remains in down trend and the fall from 2.0158 extends further to as low as 1.8505 level. Deeper decline towards 1.8000 is possible in next few days. Initial resistance is now located at 1.8794 followed by...

GBPUSD Analysis – Aug 20, 2008

by ForexCycle.com | August 19, 2008 9:08 pm
GBPUSD remains in down trend. Rebound from 1.8512 is treated as consolidation to down trend. Further fall is still possible to 1.8200 after consolidation. Initial resistance is at 1.8900, as long as the pair stays below this...

GBPUSD Analysis – Aug 16, 2008

by ForexCycle.com | August 15, 2008 7:43 pm
GBPUSD is in down trend and the fall from 2.0158 extends further to as low as 1.8512 level. Deeper decline towards 1.8200 could still be seen next week. Initial resistance is now at 1.8900, as long as...

GBPUSD Analysis – Aug 13, 2008

by ForexCycle.com | August 12, 2008 8:00 pm
GBPUSD’s down trend remains and the fall from 2.0158 extends further to as low as 1.8952 level. Deeper decline towards 1.8600 is still possible in a couple of weeks. Initial resistance is now located at 1.9250, as...

GBPUSD Analysis – Aug 9, 2008

by ForexCycle.com | August 8, 2008 10:43 pm
GBPUSD broke below 1.9337 (Jan 22 low) long term support and dropped sharply to as low as 1.9146 level. Further fall to 1.8600 level is still possible in a couple of weeks. Initial resistance is located at...