GBPUSD Daily Analysis – May 21, 2019

by ForexCycle.com | May 21, 2019 2:03 am
GBPUSD remains in the downtrend from 1.3176. Further decline could be expected after a minor consolidation and next target would be at 1.2700 area. Near term resistance is at 1.2780, a break of this level could bring...

GBPUSD Daily Analysis – May 20, 2019

by ForexCycle.com | May 20, 2019 1:40 am
GBPUSD extended its downside movement from 1.3176 to as low as 1.2713. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next...

GBPUSD Weekly Analysis – May 19, 2019

by ForexCycle.com | May 19, 2019 1:24 pm
GBPUSD dropped sharply from 1.3176 to as low as 1.2713. Further decline is still possible after a minor consolidation and next target would be at 1.2500 area. Resistance is at 1.2790, a break of this level could...

GBPUSD Daily Analysis – May 17, 2019

by ForexCycle.com | May 17, 2019 12:43 am
GBPUSD’s downside movement from 1.3176 extended to as low as 1.2787. Further decline could be expected after a minor consolidation and next target would be at 1.2700 area. Resistance is at 1.2880, a break of this level...

GBPUSD Daily Analysis – May 16, 2019

by ForexCycle.com | May 16, 2019 2:49 am
GBPUSD extended its downside movement from 1.3176 to as low as 1.2825. Further decline could be expected after a minor consolidation and next target would be at 1.2750 area. Near term resistance is at 1.2900, a break...

GBPUSD Daily Analysis – May 15, 2019

by ForexCycle.com | May 15, 2019 5:17 am
GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3176. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...

GBPUSD Daily Analysis – May 14, 2019

by ForexCycle.com | May 14, 2019 12:01 am
GBPUSD extended its downside movement from 1.3176 to as low as 1.2940. Further decline could be expected in a couple of days and next target would be at 1.2850 area. Resistance is at 1.3047, only break above...

GBPUSD Daily Analysis – May 13, 2019

by ForexCycle.com | May 12, 2019 10:33 pm
GBPUSD remains in the downtrend from 1.3176, the bounce from 1.2967 is likely consolidation for the downtrend. Further decline could be expected after the consolidation, a breakdown below1.2967 support could trigger another fall towards 1.2900. Resistance is...

GBPUSD Weekly Analysis – May 11, 2019

by ForexCycle.com | May 11, 2019 2:40 pm
GBPUSD remains in the downtrend from 1.3381, the bounce from 1.2865 is likely corrective consolidation for the downtrend. Further decline would likely be seen after the consolidation and next target would be at 1.2600 area. Resistance is...

GBPUSD Daily Analysis – May 10, 2019

by ForexCycle.com | May 10, 2019 3:40 am
GBPUSD extended its downside movement from 1.3176 to as low as 1.2967. Further decline could be expected after a minor consolidation and next target would be at 1.2900 area. Near term resistance is at 1.3050, a break...