GBPUSD Daily Analysis – May 9, 2019

by ForexCycle.com | May 8, 2019 11:44 pm
GBPUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2865 had completed at 1.3176 already. Further decline could be expected and next target would be at 1.2900 area. Near...

GBPUSD Daily Analysis – May 8, 2019

by ForexCycle.com | May 8, 2019 2:55 am
GBPUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the fall from 1.3176 could be treated as consolidation for the uptrend, another rise towards...

GBPUSD Daily Analysis – May 7, 2019

by ForexCycle.com | May 7, 2019 4:24 am
GBPUSD stays above a bullish trend line on the 4-hour and remains in the uptrend from 1.2865, the pullback from 1.3176 is likely corrective consolidation for the uptrend. As long as the trend line support holds, the...

GBPUSD Daily Analysis – May 6, 2019

by ForexCycle.com | May 6, 2019 4:36 am
GBPUSD broke above 1.3102 resistance and extended its upside movement from 1.2865 to as high as 1.3176. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...

GBPUSD Weekly Analysis – May 4, 2019

by ForexCycle.com | May 4, 2019 1:07 pm
GBPUSD broke above the falling trend line on the daily chart, suggesting that the downside movement from 1.3381 had completed at 1.2865 already. Further rally could be expected and next target would be at 1.3381 resistance. Near...

GBPUSD Daily Analysis – May 3, 2019

by ForexCycle.com | May 3, 2019 2:11 am
GBPUSD is in the uptrend from 1.2865, the pullback from 1.3102 is likely consolidation for the uptrend. Range trading between 1.2950 and 1.3102 would likely be seen in a couple of days. As long as 1.2950 support...

GBPUSD Daily Analysis – May 1, 2019

by ForexCycle.com | May 1, 2019 3:35 am
GBPUSD broke above the bearish trend line on the 4-hour chart and bounced strongly to as high as 1.3048, suggesting that the downside movement from 1.3132 had completed at 1.2865 already. Further rally is still possible after...

GBPUSD Daily Analysis – April 30, 2019

by ForexCycle.com | April 30, 2019 2:45 am
GBPUSD is testing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2865 could be treated as consolidation for the downtrend from 1.3132, further...

GBPUSD Daily Analysis – April 29, 2019

by ForexCycle.com | April 29, 2019 3:52 am
GBPUSD extended its downside movement from 1.3132 to as low as 1.2865. 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 – April 28, 2019

by ForexCycle.com | April 28, 2019 1:02 pm
GBPUSD broke below 1.2960 support, suggesting that the upside movement from 1.2396 had completed at 1.3381 already. Further decline could be expected in a couple of weeks and next target would be at 1.2600 area. Resistance is...