GBPUSD Daily Analysis – February 20, 2019

by ForexCycle.com | February 20, 2019 3:06 am
GBPUSD broke above 1.2996 resistance, suggesting that the downside movement from 1.3217 had completed at 1.2772 already. Further rally would likely be seen and next target would be at 1.3200 area. Near term support is at 1.3000,...

GBPUSD Daily Analysis – February 19, 2019

by ForexCycle.com | February 19, 2019 1:59 am
GBPUSD broke above the top trend line of the price channel on the 4-hour chart. Further rally towards 1.2996 resistance could be expected in the coming days, above this level could signal completion of the downtrend from...

GBPUSD Daily Analysis – February 18, 2019

by ForexCycle.com | February 18, 2019 2:31 am
GBPUSD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2772 could be treated as consolidation for the downtrend from 1.3217, further decline...

GBPUSD Weekly Analysis – February 16, 2019

by ForexCycle.com | February 16, 2019 8:06 am
GBPUSD’s downside movement from 1.3217 extended to as low as 1.2772. Further decline could be expected next week and next target would be at 1.2500 area. Near term resistance is at 1.2960, only a break of this...

GBPUSD Daily Analysis – February 15, 2019

by ForexCycle.com | February 15, 2019 1:05 am
GBPUSD extended its downside movement from 1.3217 to as low as 1.2772. Further decline could be expected in the coming days and next target would be at 1.2700 area. Near term resistance is at 1.2850, a break...

GBPUSD: The nearest long-term level of support is 1.2731

by Dmitriy Zeland | February 14, 2019 7:25 am
The capitalization of the positions of the CME Group participants reporting to CFTC on derivatives on the British pound increased by 8%. The total capitalization of derivative markets for British Pound reached $ 42 billion 69 million....

GBPUSD Daily Analysis – February 14, 2019

by ForexCycle.com | February 14, 2019 4:08 am
GBPUSD moved sideways in a trading range between 1.2832 and 1.2996. As long as 1.2996 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3217, a breakdown below 1.2832 support could trigger...

GBPUSD Daily Analysis – February 13, 2019

by ForexCycle.com | February 13, 2019 3:52 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 1.2832 could be treated as consolidation for the downtrend from 1.3217, further decline towards...

Elliott Wave View Favors More Downside in GBPUSD

by elliottwave-forecast.com | February 12, 2019 8:58 pm
GBPUSD short-term Elliott wave view suggests that the rally to 1.322 on Jan 26, 2019 ended wave ((X)). Decline from there is unfolding as a 5 waves impulse Elliott Wave structure. Down from 1.322, wave (i) ended...

GBPUSD Daily Analysis – February 12, 2019

by ForexCycle.com | February 12, 2019 12:50 am
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3217. Further decline is still possible in a couple of days and next target would be at 1.2750 area. Key...