GBPUSD Daily Analysis – June 14, 2019

by ForexCycle.com | June 14, 2019 3:31 am
GBPUSD is facing 1.2652 support. As long as this level holds, the sideways movement in a trading range between 1.2652 and 1.2762 could be treated as consolidation for the uptrend from 1.2558, one more rise to 1.2850...

GBPUSD Daily Analysis – June 13, 2019

by ForexCycle.com | June 13, 2019 2:32 am
GBPUSD failed to break above 1.2762 resistance and moved sideways in a trading range between 1.2652 and 1.2762. As long as 1.2652 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.2558,...

GBPUSD Daily Analysis – June 12, 2019

by ForexCycle.com | June 12, 2019 2:49 am
GBPUSD is now in the downtrend from 1.2762. Another fall could be expected after a corrective consolidation and next target would be at 1.2558 previous low. Resistance is at 1.2762, only break above this level could trigger...

GBPUSD Daily Analysis – June 11, 2019

by ForexCycle.com | June 11, 2019 2:43 am
GBPUSD broke below 1.2668 support, suggesting that the short term uptrend from 1.2558 had completed at 1.2762 already. Further decline could be expected in the coming days and next target would be at 1.2558 previous low. Near...

GBPUSD Daily Analysis – June 10, 2019

by ForexCycle.com | June 10, 2019 12:58 am
GBPUSD extended its upside movement from 1.2558 to as high as 1.2762. Key support is at 1.2668, as long as this level holds, the upside movement could be expected to continue and next target would be at...

GBPUSD Weekly Analysis – June 8, 2019

by ForexCycle.com | June 8, 2019 12:14 pm
GBPUSD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3381. Further decline is still possible after a minor consolidation and next target would be at 1.2300 area. Near term...

GBPUSD Daily Analysis – June 6, 2019

by ForexCycle.com | June 6, 2019 1:13 am
GBPUSD failed to break above 1.2747 resistance and stayed in the trading range between 1.2558 and 1.2747. As long as 1.2747 resistance holds, the price action in the trading range could be treated as consolidation for the...

GBPUSD Daily Analysis – June 5, 2019

by ForexCycle.com | June 5, 2019 2:55 am
GBPUSD moved sideways in a trading range between 1.2558 and 1.2747. As long as 1.2747 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3176, further decline to 1.2500 area is still...

GBPUSD Daily Analysis – June 4, 2019

by ForexCycle.com | June 4, 2019 3:07 am
GBPUSD remains in the downtrend from 1.3176, the price action in the trading range between 1.2558 and 1.2747 is likely consolidation for the downtrend. As long as 1.2747 key resistance holds, the downtrend could be expected to...

GBPUSD Daily Analysis – June 3, 2019

by ForexCycle.com | June 3, 2019 2:09 am
GBPUSD extended its downside movement from 1.3176 to as low as 1.2558. Near term resistance is at the top trend line of the price channel on the 4-hour chart, as long as channel resistance holds, the downside...