GBPUSD Daily Analysis – July 9, 2019
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.2783. As long as the price is below the trend line, the bounce from 1.2480 could be treated as consolidation...
Tag: GBPUSD
GBPUSD Daily Analysis – July 8, 2019
GBPUSD extended its downside movement from 1.2783 to as low as 1.2480, breaking below 1.2505 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...
GBPUSD Weekly Analysis – July 7, 2019
GBPUSD extended its downside movement from 1.3381 to as low as 1.2480. As long as the price is in the falling price channel on the daily chart, the downside movement could be expected to continue and next...
GBPUSD Daily Analysis – July 5, 2019
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.2783. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
GBPUSD Daily Analysis – July 3, 2019
GBPUSD’s downside movement from 1.2783 extended to as low as 1.2583. Further decline is still possible after a minor consolidation and next target would be at 1.2500 area. Near term resistance is at 1.1620, a break of...
GBPUSD Daily Analysis – July 2, 2019
GBPUSD extended its downside movement from 1.2783 to as low as 1.2631. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...
GBPUSD Daily Analysis – July 1, 2019
No changed in our view, GBPUSD remains in the downtrend from 1.2783. Further decline would likely be seen in the coming days and next target would be at 1.2550 area. Resistance is at 1.2725, only break above...
GBPUSD Weekly Analysis – June 30, 2019
After touching 1.2762 resistance, GBPUSD pulled back from 1.2783, suggesting that the pair remains in the downtrend from 1.3381. Further decline towards 1.2400 is still possible over the next several weeks. Only a clear break above 1.2762...
GBPUSD Daily Analysis – June 28, 2019
GBPUSD remains in the downtrend from 1.2783. Deeper decline could be expected in a couple of days and next target would be at 1.2550 area. Resistance is at 1.2725, only break above this level could trigger another...
GBPUSD Daily Analysis – June 27, 2019
GBPUSD is now in the downtrend from 1.2783, further decline is still possible after consolidation and next target would be at 1.2550 area. Resistance is at 1.2783, only break above this level could trigger another rise to...