GBPUSD Analysis – Mar 19, 2008
GBPUSD breaks below the rising price channel support, and might be forming a cycle top at 2.0391 level on daily chart. Key support is at 1.9720, a break down of this support will confirm the cycle top...
Tag: GBPUSD
GBPUSD Analysis – Mar 15, 2008
GBPUSD’s up trend remains and the rise from 1.9361 extends to as high as 2.0391. As long as the rising price channel support holds, rise to 2.0500 to reach the next cycle top on daily chart is...
GBPUSD Analysis – Mar 12, 2008
GBPUSD is moving to the next cycle top on daily chart, and the next cycle top is nearing. Near term support is at the up trend line from 1.9361 to 1.9720, and key support is at 1.9720,...
GBPUSD Analysis – Mar 9, 2008
GBPUSD broke above 1.9971 resistance and reached as high as 2.0215. Further rise to 2.0400 area is still possible next week. However, the next cycle top is nearing, key support is now at 1.9720, a breakdown of...
GBPUSD Analysis – Mar 5, 2008
GBPUSD might be forming a cycle top at 1.9971 on daily chart. Key support is at 1.9760, a break of this level will confirm the cycle top and signal the resumption of the down trend, pullback to...
GBPUSD Analysis – Mar 1, 2008
GBPUSD breaks above 1.9957 previous high and reached as high as 1.9971. Further rise to 2.0050 area to reach the next cycle top on daily chart is still possible, and the next cycle top is nearing. Key...
GBPUSD Analysis – Feb 27, 2008
GBPUSD breaks above 1.9737 and reaches as high as 1.9899 level. Further rise above 1.9957 previous high to reach the next cycle top on daily chart is still possible, and the next cycle top is nearing. However,...
GBPUSD Analysis – Feb 24, 2008
Being supported by previous low at 1.9337, GBPUSD rebounds from 1.9361 level. Further rise to 1.9900 area to reach the next cycle top on daily chart is still possible, and the next cycle top in nearing, a...
GBPUSD Analysis – Feb 20, 2008
GBPUSD is forming a sideways consolidation in a range between 1.9337 and 2.0099. Rebound to 1.9900 area to reach the next cycle top on daily chart will more likely be seen before breaking below 1.9337 level. Down...
GBPUSD Analysis – Feb 17, 2008
GBPUSD is forming a sideways consolidation in a range between 1.9337 and 2.0099. Rise towards 1.9900 area to reach the next cycle top on daily chart is still in favor. Key support is at 1.9337, breakdown of...