GBPUSD Analysis – Aug 6, 2008
GBPUSD broke below 1.9647 support and reached as low as 1.9521 level. Deeper decline to test 1.9337 (Jan 22 low) is now in favor, and break down below this level signal further fall towards 1.9000 level. Initial...
Tag: GBPUSD
GBPUSD Analysis – Aug 2, 2008
GBPUSD formed a cycle top at 2.0158 on daily chart and is now in down trend. Deeper decline to test 1.9337 (Jan 22 low) is still possible, and a break below 1.9647 will confirm such case. Key...
GBPUSD Analysis – Jul 30, 2008
GBPUSD broke below the up trend line from 1.9408 to 1.9647 and formed a cycle top at 2.0158 on daily chart. Deeper decline to retest 1.9337 (Jan 22 low) is now in favor. However, a break below...
GBPUSD Analysis – Jul 26, 2008
Being supported by the up trend line from 1.9408 to 1.9647, GBPUSD rebounded from 1.9816 level. Further rise above 2.0158 to reach next cycle top on daily chart is possible next week. Initial support is at 1.9816,...
GBPUSD Analysis – Jul 23, 2008
no changed in our view, GBPUSD is in up trend. The fall from 2.0158 is treated as consolidation to up trend. Near term support is at the uptrend line from 1.9408 to 1.9647, as long as the...
GBPUSD Analysis – Jul 19, 2008
GBPUSD is in up trend. The fall from 2.0158 is treated as consolidation to up trend. Near term support is at the uptrend line from 1.9408 to 1.9647, as long as the trend line support holds, we’d...
GBPUSD Analysis – Jul 16, 2008
As expected, GBPUSD broke above 2.0006 resistance and formed a cycle bottom at 1.9647 on daily chart. Further rise to test 2.0391 (Mar 14 high) is still possible in next few days. Initial support is at 1.9647,...
GBPUSD Analysis – Jul 12, 2008
GBPUSD is forming a cycle bottom at 1.9647 on daily chart. Further rise to 2.0200 to reach next cycle top is still possible next week, and a break of 2.0006 previous high is needed to confirm such...
GBPUSD Analysis – Jul 9, 2008
GBPUSD pulled back sharply from 2.0006 and reached as low as 1.9647. Deeper decline to 1.9550 area is expected in a couple of days. However, one more rise above 2.0006 to form the next cycle top is...
GBPUSD Analysis – Jul 5, 2008
GBPUSD is in up trend. The pullback from 2.0006 is treated as consolidation to uptrend. Initial support is at 1.9700, as long as this support holds, we’d expect up trend to resume, and further rise towards 2.0200...