GBPUSD Daily Analysis – December 13, 2018

by ForexCycle.com | December 13, 2018 1:45 am
GBPUSD’s bounce from 1.2475 extended to as high as 1.2671, breaking above 1.2640 resistance. Further rally is still possible and the target would be at the falling trend line on the 4-hour chart. As long as the...

GBPUSD Daily Analysis – December 12, 2018

by ForexCycle.com | December 12, 2018 1:58 am
GBPUSD extended its downside movement from 1.2927 to as low as 1.2479. Further decline is still possible and next target would be at 1.2400 area. Resistance is at 1.2640, only a break of this level could bring...

GBPUSD Daily Analysis – December 11, 2018

by ForexCycle.com | December 11, 2018 4:31 am
GBPUSD dropped sharply to as low as 1.2506. Further decline is still possible and next target would be at 1.2400 area. Near term resistance is at 1.2600, a break of this level could bring the price back...

GBPUSD Daily Analysis – December 10, 2018

by ForexCycle.com | December 10, 2018 3:13 am
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3174. As long as the channel resistance holds,the downside movement could be expected to continue and next target would be...

GBPUSD Weekly Analysis – December 9, 2018

by ForexCycle.com | December 9, 2018 12:27 am
GBPUSD is testing 1.2661 support, below this level would indicate that the downside movement from 1.4376 has resumed, then further decline towards 1.2300 could be seen. Near term resistance is at 1.2940, a break of this level...

GBPUSD Daily Analysis – December 7, 2018

by ForexCycle.com | December 7, 2018 2:26 am
GBPUSD is facing the resistance of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2658 could be treated as consolidation of the downtrend from 1.3174, and further decline...

GBPUSD Daily Analysis – December 6, 2018

by ForexCycle.com | December 6, 2018 3:41 am
GBPUSD remains in the downtrend from 1.3174. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2500...

GBPUSD Daily Analysis – December 5, 2018

by ForexCycle.com | December 5, 2018 3:36 am
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3174. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – December 4, 2018

by ForexCycle.com | December 4, 2018 3:09 am
GBPUSD extended its downside movement from 1.3174 to as low as 1.2698, facing the 1.2695 support, below this level could trigger further downside movement towards 1.2500. Resistance is located at the bearish trend line on the 4-hour...

GBPUSD Daily Analysis – December 3, 2018

by ForexCycle.com | December 3, 2018 1:25 am
GBPUSD is facing 1.2725 support, a breakdown below this level would indicate that the downside movement from 1.3174 has resumed, then further decline towards 1.2500 could be seen. Near term resistance is located at the falling trend...