GBPUSD Daily Analysis – October 22, 2018

by ForexCycle.com | October 22, 2018 2:50 am
GBPUSD extended its downside movement from 1.3257 to as low as 1.3011. Further decline is still possible after a minor consolidation and next target would be at 1.2950 area. Resistance is at 1.3100, only a breakout of...

GBPUSD Weekly Analysis – October 20, 2018

by ForexCycle.com | October 20, 2018 8:02 am
GBPUSD failed to break above 1.3298 resistance and stayed in a trading range between 1.2921 and 1.3298. As long as 1.2921 support holds, the price action in the trading range could be treated as consolidation for the...

GBPUSD Daily Analysis – October 19, 2018

by ForexCycle.com | October 19, 2018 2:46 am
GBPUSD broke below 1.3082 support and extended its downside movement from 1.3257 to as low as 1.3014. Further decline is still possible after a minor consolidation and next target would be at 1.2950 area. Resistance is at...

GBPUSD Daily Analysis – October 18, 2018

by ForexCycle.com | October 18, 2018 3:22 am
GBPUSD is facing 1.3082 support, a breakdown below this level could trigger further downside movement to 1.3050 area. Resistance is at 1.3150, only a breakout of this level could bring the price back to test 1.3257 resistance.

GBPUSD Daily Analysis – October 17, 2018

by ForexCycle.com | October 17, 2018 5:20 am
GBPUSD broke above 1.3190 resistance, suggesting that the uptrend from 1.2921 has resumed. Further rise to test 1.3257 resistance is possible, a breakout of this level could trigger further upside movement towards 1.3400 area. Key support is...

GBPUSD Daily Analysis – October 16, 2018

by ForexCycle.com | October 16, 2018 3:01 am
GBPUSD is now in the downtrend from 1.3257. Further decline is still possible and next target would be at 1.3020 area. Resistance is at 1.3190, a breakout of this level would indicate that the uptrend from 1.2921...

GBPUSD Daily Analysis – October 15, 2018

by ForexCycle.com | October 15, 2018 2:43 am
GBPUSD failed to breakout of 1.3298 resistance and pulled back from 1.3257, breaking below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2921 had completed. Deeper decline is still possible and...

GBPUSD Weekly Analysis – October 14, 2018

by ForexCycle.com | October 14, 2018 2:52 am
GBPUSD is facing 1.3298 resistance, a breakout of this level could signal resumption of the uptrend from 1.2661, then next target would be at 1.3550 area. Key support is at 1.2921, only a breakdown below this level...

GBPUSD Daily Analysis – October 11, 2018

by ForexCycle.com | October 11, 2018 2:10 am
GBPUSD extended its upside movement from 1.2921 to as high as 1.3215. Further rise is still possible after a minor consolidation and next target would be at 1.3300 area. Near term support is located at the bullish...

GBPUSD Daily Analysis – October 10, 2018

by ForexCycle.com | October 10, 2018 2:47 am
GBPUSD broke above 1.3132 resistance, suggesting that the upside movement from 1.2921 has resumed. Further rise could be expected in a couple of days and next target would be at 1.3250 area. Near term support is at...