GBPUSD Rebounds: Will It Consolidate or Resume Downtrend?

by ForexCycle.com | February 8, 2024 3:00 am
GBPUSD has shown signs of life, bouncing from its low of 1.2518 and reaching 1.2641. This begs the question: is this the start of a new rally, or just a temporary pause in the downtrend from 1.2827?...

GBPUSD Slumps Below Support: Key Levels to Watch

by ForexCycle.com | February 6, 2024 4:35 am
GBPUSD has continued its downward trajectory, breaking below the key support level of 1.2596 and reaching a low of 1.2518. Let’s break down the technical analysis to understand where the pair might head next. Support Levels and...

GBPUSD Stalled: Sideways Movement Meets Support and Resistance

by ForexCycle.com | February 5, 2024 3:36 am
GBPUSD has been stuck in a neutral gear for weeks, confined within a trading range of 1.2596 and 1.2785. Let’s explore the technicals to see where the pair might head next. Support Levels to Watch Resistance and...

Ascending GBPUSD: Navigating Resistance and Support Levels

by ForexCycle.com | January 25, 2024 1:19 am
The GBPUSD is on a decisive upward march, stretching its positive streak from 1.2596 to a new high of 1.2774. At this stage, it is coming up against the resistance level of 1.2785. A successful surge above...

GBPUSD Ditches Support: Unveiling the Implications

by ForexCycle.com | January 24, 2024 12:12 am
In an unexpected turn of events, GBPUSD has broken below the 1.2660 support level, implying that its previous uptrend from 1.2596, which peaked at 1.2747, has already concluded. The ongoing descent from 1.2747 is viewed as a...

GBPUSD on the Rise: Potential Targets Unveiled

by ForexCycle.com | January 23, 2024 12:02 am
In recent movements, GBPUSD has managed to extend its climb from 1.2596 to an impressive high of 1.2732. The rise doesn’t seem to be stopping here, as further ascension is a possibility in the upcoming days. Subsequently,...

GBPUSD Rebounds and Breaks Resistance: A likely Rise in the Horizon

by ForexCycle.com | January 18, 2024 12:54 am
After briefly falling below the 1.2610 support level, GBPUSD managed a comeback from 1.2596, breaking above the 1.2680 resistance, pointing to a possible rise. A further ascent is anticipated in the days ahead and the next target...

GBPUSD Dips Below Support: A Test and Possible Outcomes

by ForexCycle.com | January 17, 2024 1:06 am
GBPUSD has plunged below the 1.2673 support and is currently challenging the 1.2610 support level. If GBPUSD breaks below this 1.2610 support, it could suggest that the pair is caught in a downtrend wave from 1.2827. This...

GBPUSD: A Test of Support and Possible Directions

by ForexCycle.com | January 16, 2024 1:49 am
Right now, the GBPUSD pair is facing a major test at the 1.2673 support level. Should it break below this key point, we could potentially witness a further downside trajectory, heading towards the next support level pegged...