GBPUSD Daily Analysis – August 9, 2018

by ForexCycle.com | August 9, 2018 2:49 am
GBPUSD extended its downside movement from 1.3213 to as low as 1.2851. Near term resistance is at 1.2975, as long as this level holds, the downside movement could be expected to continue and next target would be...

GBPUSD Elliott Wave Analysis: Right Side Calling Lower

by elliottwave-forecast.com | August 8, 2018 2:28 pm
GBPUSD short-term Elliott Wave analysis suggests that the decline from 7/09/2018 peak (1.3361) is unfolding as Elliott wave zigzag when Minor wave A ended in 5 waves structure at 1.2956 low. Up from there, the bounce to 1.3214 high ended Minor...

GBPUSD Daily Analysis – August 8, 2018

by ForexCycle.com | August 8, 2018 2:00 am
GBPUSD remains in the downtrend from 1.3213. Near term resistance is at 1.3020, as long as this level holds, the downside movement could be expected to continue and next target would be at 1.2800 area. Only a...

GBPUSD Daily Analysis – August 7, 2018

by ForexCycle.com | August 7, 2018 1:59 am
GBPUSD extended its downside movement from 1.3213 to as low as 1.2919, breaking below 1.2957 previous low support. Further decline could be expected in a couple of days and next target would be at 1.2800 area. Near...

GBPUSD Daily Analysis – August 6, 2018

by ForexCycle.com | August 6, 2018 2:12 am
GBPUSD is facing 1.2957 support. A breakdown below this level could trigger further downside movement to 1.2800 area. Resistance is at 1.3070, only break above this level could bring the price back towards 1.3200.

GBPUSD Weekly Analysis – August 5, 2018

by ForexCycle.com | August 5, 2018 6:26 am
GBPUSD is facing 1.2957 support, a breakdown below this level could take the price to 1.2750 area. Near term resistance is at the top trend line of the price channel on the daily chart, as long as...

GBPUSD Daily Analysis – August 3, 2018

by ForexCycle.com | August 3, 2018 2:18 am
GBPUSD broke below 1.3070 support and extended its downside movement from 1.3213 to as low as 1.3007. Further decline could be expected and next target would be at 1.2950 area. Resistance is at 1.3070, only break above...

GBPUSD Daily Analysis – August 2, 2018

by ForexCycle.com | August 2, 2018 3:50 am
GBPUSD continued its sideways movement in a trading range between 1.3070 and 1.3213. Key support is at 1.3070, as long as this level holds, the sideways movement could be treated as consolidation for the uptrend from 1.2957...

GBPUSD Daily Analysis – August 1, 2018

by ForexCycle.com | August 1, 2018 3:55 am
GBPUSD moved sideways in a trading range between 1.3070 and 1.3213. As long as 1.3070 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.2957 and another rise towards 1.3300 could be...

GBPUSD Daily Analysis – July 31, 2018

by ForexCycle.com | July 31, 2018 1:01 am
GBPUSD failed to break below 1.3070 support and stayed in a trading range between 1.3070 and 1.3213. As long as 1.3070 support holds, the price action in the range could be treated as consolidation for the uptrend...