GBPUSD Close to Support Levels

by elliottwave-forecast.com | October 4, 2021 2:35 pm
US Dollar has been rallying in the past few months ahead of the expected tapering by the Fed and rising yields. However, it doesn’t change the long term bullish outlook in Pound Sterling. The pullback in GBPUSD...

GBPUSD Potential Inverse Head and Shoulder Target 1.55

by elliottwave-forecast.com | August 18, 2021 2:47 pm
In the last Bank of England’s meeting, the central gave a signal for a potential interest rate hike in 2022. This would put it ahead of a number of other G10 central banks, including RBA, U.S Fed,...

GBPUSD Elliott Wave : Buying The Dips At The Blue Box Area

by elliottwave-forecast.com | February 24, 2021 4:57 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPUSD, published in members area of the website.  GBPUSD is another Forex pair that we have been...

$FXB British Pound ETF Elliott Wave & Longer Term Cycles

by elliottwave-forecast.com | December 8, 2020 4:35 pm
$FXB British Pound ETF Elliott Wave & Longer Term Cycles Firstly the British Pound Sterling tracking ETF fund FXB  inception date was 6/21/2006. The bearish cycle lower from the November 2007 highs in FXB is the focus of this...

GBPUSD Weekly Analysis – October 4, 2020

by ForexCycle.com | October 4, 2020 1:36 pm
GBPUSD remains in the downtrend from 1.3482, the bounce from 1.2674 is likely consolidation for the downtrend, and further decline to 1.2400 area is possible. Near term resistance is at 1.3100, only break above this level could...

GBPUSD : Visible Bearish Market Pattern Hitting a Resistance Zone

by elliottwave-forecast.com | September 28, 2020 4:27 pm
On September 16 2020 I posted on social media Stocktwits/Twitter @AidanFX  “GBPUSD Watch for selling opportunities as long price stays below 1.3060.” The chart below of the GBPUSD pair was also posted on social media StockTwits/Twitter @AidanFX September...

GBPUSD Weekly Analysis – September 27, 2020

by ForexCycle.com | September 27, 2020 1:07 pm
GBPUSD broke below the bottom of the rising price channel on the daily chart, suggesting that the upside movement from 1.1409 had completed at 1.3482 already. Deeper decline would likely be seen in the coming days and...

Elliott Wave View: Further Downside in Pound Sterling

by elliottwave-forecast.com | September 25, 2020 2:17 pm
Elliott Wave View of Pound Sterling (GBPUSD) suggests the cycle from September 1 high remains incomplete. The decline from there is unfolding as zigzag Elliott Wave Structure. Down from September 1, wave (A) ended at 1.2761 and...

GBPUSD Weekly Analysis – September 20, 2020

by ForexCycle.com | September 20, 2020 12:38 pm
GBPUSD is facing the support of the rising price channel on the daily chart. As long as the channel support holds, the upside movement from 1.1409 could be expected to resume, and further rise to 1.3800 area...

GBPUSD Weekly Analysis – September 13, 2020

by ForexCycle.com | September 13, 2020 2:02 pm
GBPUSD stays in a rising price channel on the daily chart and remains in the uptrend from 1.1409. As long as the channel support holds, the pullback from 1.3482 could be treated as corrective consolidation for the...