GBPJPY Market Trends: Downside Extension and Upcoming Consolidation

by ForexCycle.com | February 1, 2024 1:30 pm
GBPJPY has seen an extension of its downside movement, suggesting an upcoming consolidation phase and potential range trading. Downside Move Extension The GBPJPY pair has had its downward trajectory stretch from 188.91 to as low as 185.27....

EURGBP Market Analysis: Downtrend Continuation and Potential Targets

by ForexCycle.com | February 1, 2024 12:04 pm
A detailed examination of the EURGBP pair reveals its current position within a downward trend, along with key target and resistance levels ahead. Downtrend Context: Falling Price Channel The EURGBP pair continues to operate within a falling...

AUDUSD Market Update: Downside Movement Resumption

by ForexCycle.com | February 1, 2024 11:39 am
AUDUSD’s trend has taken yet another turn with a break below a notable support level: implications for the future of the AUDUSD trading range. Break Below the 0.6524 Support Level AUDUSD has managed to break below the...

USDCHF Market Analysis: Key Support Break and Potential Decline

by ForexCycle.com | February 1, 2024 2:27 am
The USDCHF pair has seen a key shift in its trend with a break below an important support, leading us to anticipate possible next moves. Break Below Key Support The USDCHF has registered a break below the...

USDJPY Market Analysis: Break Below and Potential Targets

by ForexCycle.com | February 1, 2024 2:10 am
USDJPY’s recent move breaking below key levels has set the stage for likely future moves as identified by key markers. Breaking Below the Rising Channel and Key Support USDJPY has pierced through the bottom of the ascending...

EURUSD Market Update: Attempted Break and Downtrend Continuity

by ForexCycle.com | February 1, 2024 1:49 am
EURUSD has made a decisive attempt to break the current trendlines which has implications for the future direction of the currency pair. Failure to Break the Falling Channel EURUSD has fallen short in its attempts to break...