GBPUSD Daily Analysis – September 1, 2023

by ForexCycle.com | September 1, 2023 9:23 am
GBP/USD is currently confined within a falling price channel on the 4-hour chart, indicating a continuation of the downward movement from 1.3141. As long as the resistance of the channel holds, it is likely that the pair...

GBPUSD Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:30 am
GBP/USD has shown a rebound from the 1.2547 level, climbing as high as 1.2745. There is potential for a further rally in the coming days to test the 1.2817 resistance level. A break above this resistance level...

GBPUSD Daily Analysis – August 29, 2023

by ForexCycle.com | August 29, 2023 3:10 am
GBPUSD continues to exhibit a downtrend originating from 1.3141. The pair remains bearish, and the downward move is anticipated to persist as long as the resistance level at 1.2817 remains intact. The next target for GBPUSD lies...

GBPUSD Daily Analysis – August 28, 2023

by ForexCycle.com | August 28, 2023 12:22 am
GBPUSD recently emerged from a period of sideways consolidation, confined within the 1.2615 to 1.2817 trading range. However, the currency pair has since ventured below the critical 1.2615 support, extending its descent from the 1.3141 peak to...

GBPUSD Daily Analysis – August 25, 2023

by ForexCycle.com | August 25, 2023 10:49 am
GBPUSD has breached the critical 1.2615 support level, continuing its descent from the 1.3141 peak and reaching as low as 1.2560. There remains the potential for further downward movement in the days ahead, with the next focal...

GBPUSD Daily Analysis – August 24, 2023

by ForexCycle.com | August 24, 2023 1:00 am
GBPUSD has faced difficulty in surpassing the 1.2817 resistance level and has instead entered a period of consolidation, trading within a defined range between 1.2615 and 1.2817. As long as the 1.2817 resistance level remains unbroken, it...

GBPUSD Daily Analysis – August 23, 2023

by ForexCycle.com | August 23, 2023 12:48 am
The GBPUSD currency pair is currently encountering resistance at the 1.2817 level. As long as this resistance level holds, the price action from 1.2619 could be viewed as consolidation within the larger downtrend that originated from 1.3141....

GBPUSD Daily Analysis – August 22, 2023

by ForexCycle.com | August 22, 2023 7:24 am
The GBPUSD currency pair is currently confronting a key resistance level at 1.2817. A decisive breakthrough above this level would serve as confirmation that the downward movement from 1.3141 has already concluded at 1.2615. In such a...

GBPUSD Daily Analysis – August 21, 2023

by ForexCycle.com | August 21, 2023 1:31 am
GBPUSD has broken above the falling trend line on the 4-hour chart. With this breakout, there is a potential for further upward movement in the pair, with the next target being the 1.2817 resistance level. A decisive...

GBPUSD Daily Analysis – August 14, 2023

by ForexCycle.com | August 14, 2023 4:14 am
Following its interaction with the descending trend line on the 4-hour chart, the GBPUSD currency pair experienced a sharp decline, dropping to 1.2665. There is a possibility of a further decline, testing the support level at 1.2590....