GBPUSD Analysis – September 22, 2023

by ForexCycle.com | September 22, 2023 10:30 am
GBP/USD continues to stay below a falling trend line on the 4-hour chart, indicating that the pair is still in a downtrend. The downside move has extended to as low as 1.2232, suggesting further potential for the...

GBPUSD Analysis – September 21, 2023

by ForexCycle.com | September 21, 2023 12:58 am
The GBP/USD pair has indeed extended its downside move from 1.2745 to as low as 1.2309, indicating a continued bearish momentum. As long as the price remains below the falling trend line on the 4-hour chart, it...

GBPUSD Analysis – September 20, 2023

by ForexCycle.com | September 20, 2023 10:06 am
The GBP/USD currency pair has continued its downward trajectory, extending the move from 1.2745 to reach as low as 1.2332. With the price still below the falling trend line on the 4-hour chart, a bearish outlook is...

GBPUSD Analysis – September 18, 2023

by ForexCycle.com | September 18, 2023 8:24 am
The GBP/USD currency pair has further extended its downward movement, declining from 1.2745 to a low of 1.2369. Currently, as long as the price remains below the falling trend line on the 4-hour chart, the downside move...

GBPUSD Analysis – September 15, 2023

by ForexCycle.com | September 15, 2023 10:23 am
The GBP/USD currency pair has experienced a downward movement, declining from 1.2745 to a low of 1.2395. Currently, if the resistance level at 1.2547 remains intact, it is likely that the downward movement will persist, with the...

GBPUSD Analysis – September 12, 2023

by ForexCycle.com | September 12, 2023 3:46 am
GBP/USD has broken above the falling trend line on its 4-hour chart, indicating a potential completion of the short-term downtrend that started from 1.2745. The price reached a low of 1.2444 before the breakout occurred. Based on...

GBPUSD Daily Analysis – September 7, 2023

by ForexCycle.com | September 7, 2023 9:03 am
GBP/USD has been experiencing a continued downward movement, reaching as low as 1.2456. As long as the price remains below the falling trend line on the 4-hour chart, it is likely that the downside momentum will continue....

GBPUSD Daily Analysis – September 6, 2023

by ForexCycle.com | September 6, 2023 1:46 am
GBP/USD is currently encountering support from the falling price channel on the 4-hour chart. In the coming days, we might observe range trading between the levels of 1.2515 and 1.2640. If the 1.2640 resistance level holds, it...

GBPUSD Daily Analysis – September 5, 2023

by ForexCycle.com | September 5, 2023 10:23 am
GBP/USD has broken below the 1.2547 support level and extended its downside move from 1.3141 to as low as 1.2527. Since the price is currently within a falling price channel on the 4-hour chart, it is likely...

GBPUSD Daily Analysis – September 4, 2023

by ForexCycle.com | September 4, 2023 2:06 am
GBP/USD is currently approaching the support level at 1.2547. If there is a breakdown below this level, it could trigger further downside movement towards the 1.2500 area. On the other hand, the immediate resistance level to watch...