ForexCycle.com
4xdev
  • Home
  • Forex Analysis
    • Long Term Forex Analysis
    • Short Term Forex Analysis
    • Special Focus
    • Daily Forex Reports
    • Forex Signals
  • Forex Articles
    • Market Cycle
    • Indicator
    • Elliott Wave
    • Fibonacci Sequence
    • Forex Market
    • Forex Trading
    • Technical Analysis
    • Chart Pattern
  • Trading Strategy
  • Forex Brokers
    • Avatrade
    • Broker News
    • Broker Review
  • Elliott Wave Courses
    • Markets Reverse
    • 5 Ways Using Trendlines
    • Overview of MACD
    • Relative Strength Index
    • Japanese Candlesticks
    • Moving Averages
    • Fibonacci Ratios
    • Two-Bar Pattern
    • Market Myths Exposed
  • Contact Us

GBPUSD Daily Analysis – August 16, 2017

GBPUSD extended its bearish movement from 1.3267 to as low as 1.2845, facing the bullish support trend line on the daily chart. A clear break below the trend line support could take price to next support level at around 1.2600. Resistance levels are at 1.2930 and 1.3030, as long as these levels hold, the downtrend will continue.

GBPUSD 4-hour chart

Author ForexCycle.comPosted on August 16, 2017Categories Short Term Forex AnalysisTags GBPUSD

Post navigation

Previous Previous post: EURUSD Daily Analysis – August 16, 2017
Next Next post: AUDUSD Daily Analysis – August 16, 2017

Resources

  • Unlock Your Trading Potential with EA Builder
  • Elliott Wave Principle

Recent Posts

  • Dell Looking Higher Into the $700.00 Area
  • IWM – A New Trading Setup Shared With Members
  • $IPI Approaches Blue Box Area as New Bullish Cycle Builds From June 2023 Nesting
  • Apple (AAPL) Elliott Wave: Perfect Reaction From The Blue Box
  • Warner Bros. Discovery (WBD) Targets Fresh All-Time Highs
  • Wave Theory vs. Other Methods: Why Structure Beats Randomness
  • Micron Technology (MU) Bullish Path Targets $1400
  • ASTS Forecast: Buyers Look To Buy Between $87.04 – $69.44 Area
  • HINDCOPPER Forecast Points to 859–1052 as Wave (5) Begins
  • XBI: Momentum Fades as Wave I Nears Completion
  • Facebook
  • Instagram
  • Twitter
  • LinkedIn
  • Telegram
  • Home
  • Forex Analysis
  • Forex Articles
  • Contact Us
  • Forex Blog
  • Disclaimer
  • Forex Resources
  • Archives
  • RSS
Copyright © 2005 - 2026 ForexCycle.com. All rights reserved.