GBPUSD Daily Analysis – September 22, 2017

by ForexCycle.com | September 22, 2017 2:06 am
GBPUSD moved sideways in a trading range between 1.3451 and 1.3652. The sideways movement is likely consolidation of the uptrend from 1.2774. As long as 1.3451 support holds, the uptrend could be expected to continue and next...

GBP/USD Forecast September 21, 2017, Technical Analysis

by FX Empire | September 21, 2017 9:49 am
The British pound drift in a bit higher during the session on Wednesday, as the 1.3650 level has held as support. This is an area that is stabilized as resistance from a previous gap, that formed after...

GBPUSD Daily Analysis – September 21, 2017

by ForexCycle.com | September 21, 2017 2:53 am
GBPUSD dropped sharply to as low as 1.3451 after hitting a new high at 1.3652, indicating that lengthier consolidation for the uptrend from 1.2774 is needed. Deeper decline towards the bullish trend line on the 4-hour chart...

GBP/USD Forecast September 20, 2017, Technical Analysis

by FX Empire | September 20, 2017 6:49 am
The British pound has been chopping around over the last 24 hours, as we have recently pressed against the 1.3650 level. That’s the area where we gapped lower after the Brexit vote, and of course offers a...

GBPUSD Daily Analysis – September 20, 2017

by ForexCycle.com | September 20, 2017 12:48 am
GBPUSD is in consolidation of the uptrend from 1.2774. Range trading between 1.3370 and 1.3618 would likely be seen over the next several days. As long as 1.3370 support holds, the uptrend could be expected to resume...

GBP/USD Forecast September 19, 2017, Technical Analysis

by FX Empire | September 19, 2017 5:30 am
The GBP/USD pair fell after initially trying to rally on Monday. It looks as if we are bit overextended, and we have filled the gap on longer-term charts. I think a pullback is necessary, and quite frankly...

GBPUSD Daily Analysis – September 19, 2017

by ForexCycle.com | September 19, 2017 4:12 am
GBPUSD stays above a bullish support trend line on the 4-hour chart and remains in the uptrend from 1.2774, the fall from 1.3618 is likely consolidation of the uptrend. Deeper decline is still possible and next target...

GBPUSD Daily Analysis – September 18, 2017

by ForexCycle.com | September 18, 2017 3:19 am
GBPUSD extended its bullish movement from 1.2774 to as high as 1.3616. Near term support is at 1.3490, followed by 1.3400. As long as these levels hold, the upside movement could be expected to continue and next...

GBPUSD Weekly Analysis – September 17, 2017

by ForexCycle.com | September 17, 2017 8:52 am
GBPUSD broke above 1.3267 resistance, and extended its bullish movement from 1.1987 to as high as 1.3616, facing the resistance at the bearish trend line on the weekly chart. Near term support is at 1.3145, followed by...

GBP/USD Forecast September 18, 2017, Technical Analysis

by FX Empire | September 16, 2017 12:41 pm
The British pound skyrocketed against the US dollar again on Friday, as fallout from the British central bank suggesting that interest rate hikes are coming sooner rather than later continues. However, we are testing a major resistance...