GBPUSD Daily Analysis – July 18, 2018

by ForexCycle.com | July 18, 2018 2:49 am
GBPUSD is facing 1.3049 support, a breakdown below this level could take the price towards 1.2900. Resistance is at 1.3190, a breakout of this level could indicate that the downside movement from 1.3292 is complete, then another...

GBPUSD Daily Analysis – July 17, 2018

by ForexCycle.com | July 17, 2018 2:26 am
GBPUSD extended its upside movement from 1.3102 to as high as 1.3292. Further rise to test 1.3362 resistance is still possible and a breakout of this level could take the price towards 1.3450. Support is now at...

GBPUSD Daily Analysis – July 16, 2018

by ForexCycle.com | July 16, 2018 3:01 am
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3362. As long as the channel resistance holds, the bounce from 1.3102 could be treated as consolidation for the downtrend...

GBPUSD Weekly Analysis – July 15, 2018

by ForexCycle.com | July 15, 2018 9:38 am
GBPUSD failed to break below 1.3049 support and stayed in a trading range between 1.3049 and 1.3472. As long as 1.3472 key resistance holds, the price action in the range could be treated as consolidation for the...

GBPUSD Daily Analysis – July 13, 2018

by ForexCycle.com | July 13, 2018 12:55 am
GBPUSD’s fall from 1.3362 extended to as low as 1.3169. Further decline could be expected in a couple of days and next target would be at 1.3000 area. Resistance levels are at 1.3245 and 1.3300, only break...

GBPUSD Daily Analysis – July 12, 2018

by ForexCycle.com | July 12, 2018 3:42 am
GBPUSD remains in the downtrend from 1.3362. Deeper decline would likely be seen in the coming days and next target would be at 1.3000 area. Resistance levels are at 1.3280 and 1.3362, only break above these levels...

GBPUSD Daily Analysis – July 11, 2018

by ForexCycle.com | July 11, 2018 2:32 am
GBPUSD is now in downtrend from 1.3362. Further decline could be expected after a minor consolidation and next target would be at 1.3000 area. Resistance is at 1.3362, only a breakout of this level could trigger another...

GBPUSD Daily Analysis – July 10, 2018

by ForexCycle.com | July 10, 2018 2:46 am
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.3049 had completed at 1.3362 already. Further decline could be expected in the coming days and next target would be...

GBPUSD Daily Analysis – July 9, 2018

by ForexCycle.com | July 9, 2018 3:33 am
GBPUSD broke above 1.3314 resistance and extended its upside movement from 1.3049 to as high as 1.3320. Further rise could be expected after a minor consolidation and next target would be at 1.3400 area. On the downside,...

GBPUSD Weekly Analysis – July 8, 2018

by ForexCycle.com | July 8, 2018 3:51 am
GBPUSD stays in a falling price channel on the daily chart and remains in the downtrend from 1.4376. As long as the price is in the channel, the bounce from 1.3049 could be treated as consolidation for...