GBPUSD Analysis – May 28, 2008

by ForexCycle.com | May 27, 2008 8:09 pm
GBPUSD is in up trend. Pullback from 1.9852 is treated as consolidation to the up trend. Further rise to test 2.0029 resistance is still possible after consolidation. Key support is now located at 1.9363, only break of...

GBPUSD Analysis – May 24, 2008

by ForexCycle.com | May 23, 2008 7:59 pm
GBPUSD is forming a sideways consolidation in a range between 1.9337 (Jan 22 low) and 2.0391. Further rally is expected to test 2.0029 resistance. Key support is now located at 1.9363, only break of this level will...

GBPUSD Analysis – May 21, 2008

by ForexCycle.com | May 20, 2008 7:40 pm
GBPUSD broke above 1.9633 key resistance and formed a cycle bottom at 1.9363 on daily chart. The pair is back to range trading between 1.9337 (Jan 22 low) and 2.0391. Further rally is expected to test 2.0029...

GBPUSD Analysis – May 17, 2008

by ForexCycle.com | May 17, 2008 4:15 am
Being contained by 1.9337 (Jan 22 low) support, GBPUSD rebounded from 1.9363 level. However, the rise from 1.9363 is treated as consolidation to the down trend. Deeper decline to 1.9200 area is expected to follow after consolidation....

GBPUSD Analysis – May 14, 2008

by ForexCycle.com | May 13, 2008 6:36 pm
GBPUSD is in down trend. Further fall to test 1.9337 (Jan 22 low) is expected. Break below this level is possible after consolidation. Key resistance is located at 2.0029, only rise above this level will indicate lengthier...

GBPUSD Analysis – May 11, 2008

by ForexCycle.com | May 10, 2008 7:06 pm
GBPUSD is moving to test 1.9337 (Jan 22 low) support. Break below this level could be seen after consolidation. Key resistance is located at 2.0029, only break above this level will indicate lengthier correction to the long...

GBPUSD Analysis – May 7, 2008

by ForexCycle.com | May 6, 2008 7:38 pm
GBPUSD stays in a trading range between 1.9599 and 2.0193. Rebound to 2.0100 area to reach the next cycle top on daily chart would more likely be seen before breaking below 1.9599 previous low. As long as...

GBPUSD Analysis – May 3, 2008

by ForexCycle.com | May 2, 2008 10:48 pm
No changed in our view, GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks. Rebound to 2.0100 area to reach the next cycle top on daily chart would more likely be seen before breaking...

GBPUSD Analysis – Apr 30, 2008

by ForexCycle.com | April 29, 2008 7:52 pm
GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks. Rebound to 1.9950 area to reach the next cycle top on daily chart would more likely be seen before breaking below 1.9599 previous low. As...

GBPUSD Analysis – Apr 26, 2008

by ForexCycle.com | April 25, 2008 9:39 pm
GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks and is in consolidation to the down trend. As long as 2.0193 resistance holds, we’d expect down trend to resume and deeper decline to test...