GBPUSD Daily Analysis – January 20, 2020

by ForexCycle.com | January 20, 2020 3:42 am
After touching the top trend line of the price channel on the 4-hour chart, GBPUSD dropped sharply to 1.2995, suggesting that the pair remains in the downtrend from 1.3284. Further decline could be expected and next target...

GBPUSD Weekly Analysis – January 19, 2020

by ForexCycle.com | January 19, 2020 1:06 pm
GBPUSD is facing 1.2905 support, a breakdown below this level could signal resumption of the downtrend from 1.3514, then further decline to 1.2600 area could be seen. Near term resistance is at 1.3300, a break of this...

GBPUSD Daily Analysis – January 17, 2020

by ForexCycle.com | January 17, 2020 3:27 am
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3284. As long as the channel resistance holds, the downtrend could be expected to resume and further decline to 1.2850...

GBPUSD Daily Analysis – January 16, 2020

by ForexCycle.com | January 16, 2020 2:51 am
GBPUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2954 could be treated as consolidation for the downtrend from 1.3284 and...

GBPUSD Daily Analysis – January 15, 2020

by ForexCycle.com | January 15, 2020 3:56 am
GBPUSD’s downside movement from 1.3284 extended to as low as 1.2954. Further decline is still possible and next target would be at 1.2900 area. Resistance is located at the bearish trend line on the 4-hour chart, a...

GBPUSD Daily Analysis – January 14, 2020

by ForexCycle.com | January 14, 2020 5:07 am
GBPUSD extended its downside movement from 1.3284 to as low as 1.2960. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

GBPUSD Daily Analysis – January 13, 2020

by ForexCycle.com | January 12, 2020 11:05 pm
GBPUSD remains in the downtrend from 1.3284. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2900...

GBPUSD Weekly Analysis – January 12, 2020

by ForexCycle.com | January 12, 2020 1:16 pm
GBPUSD is now in the downtrend from 1.3514. Further decline would likely be seen in a couple of weeks and next target would be at 1.2600 area. Near term resistance is at 1.3300, only break above this...

GBPUSD Daily Analysis – January 10, 2020

by ForexCycle.com | January 10, 2020 12:18 am
GBPUSD broke below 1.3053 support, suggesting that the upside movement from 1.2905 had completed at 1.3284 already. Further decline could be expected and next target would be at 1.2900 area. Resistance is located at the falling trend...

GBPUSD Daily Analysis – January 9, 2020

by ForexCycle.com | January 9, 2020 3:13 am
GBPUSD continued its sideways movement in a trading range between 1.3053 and 1.3284. The sideways move is likely consolidation for the uptrend from 1.2905, further rise to 1.3400 area is possible after the consolidation. Near term support...