GBPUSD Daily Analysis – April 3, 2019

by ForexCycle.com | April 3, 2019 3:32 am
GBPUSD is facing 1.3149 resistance, a breakout of this level could trigger another rise towards 1.3300. On the other side, as long as 1.3149 resistance holds, another fall to test 1.2960 support is still possible, below here...

GBPUSD Daily Analysis – April 2, 2019

by ForexCycle.com | April 2, 2019 1:52 am
Being contained by 1.2960 support, GBPUSD rebounded from 1.2977. However, another fall to retest 1.2960 support is possible, a breakdown below this level could trigger further downside movement towards 1.2900. Resistance is at 1.3149, only break above...

GBPUSD Daily Analysis – April 1, 2019

by ForexCycle.com | April 1, 2019 2:36 am
GBPUSD broke below the rising trend line on the 4-hour chart. Further decline could be expected in the coming days and next target would be at 1.2900 area. Near term resistance is at 1.3135, a break of...

GBPUSD Weekly Analysis – March 31, 2019

by ForexCycle.com | March 31, 2019 9:28 am
GBPUSD continued its sideways movement in a trading range between 1.2960 and 1.3381. Key support is at 1.2960, as long as this level holds, the sideways movement could be treated as consolidation for the uptrend from 1.2396,...

GBPUSD Daily Analysis – March 29, 2019

by ForexCycle.com | March 29, 2019 3:02 am
GBPUSD is facing the support of the rising trend line on the 4-hour chart. A breakdown below the trend line support could trigger further downside movement towards 1.2900 area. On the other side, as long as the...

GBPUSD Daily Analysis – March 28, 2019

by ForexCycle.com | March 28, 2019 3:30 am
GBPUSD is now in the uptrend from 1.3003. Further rise would likely be seen in a couple of days and next target would be at 1.3350 area. Near term support is at 1.3140, below this level could...

GBPUSD Daily Analysis – March 27, 2019

by ForexCycle.com | March 27, 2019 2:41 am
GBPUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.3381 had completed at 1.3003 already. Further rally could be expected in the coming days and next target would be...

GBPUSD Daily Analysis – March 26, 2019

by ForexCycle.com | March 26, 2019 4:42 am
GBPUSD is testing the resistance of the bearish trend line on the 4-hour chart. A clear break of the trend line resistance would indicate that the downside movement from 1.3381 had completed at 1.3003 already, then another...

GBPUSD Daily Analysis – March 25, 2019

by ForexCycle.com | March 25, 2019 3:48 am
GBPUSD is facing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.3003 could be treated as consolidation for the downtrend from 1.3381, another...

GBPUSD Weekly Analysis – March 24, 2019

by ForexCycle.com | March 24, 2019 12:51 pm
GBPUSD moved sideways in a trading range between 1.2960 and 1.3381. As long as 1.2960 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.2396, further rise to 1.3600...