GBPUSD : Market Patterns Signalling the Move Lower

by elliottwave-forecast.com | June 29, 2020 1:15 pm
On June 16 2020 I posted on social media Stocktwits/Twitter @AidanFX  “GBPUSD watching for SELLS”.  The chart below was also posted on social media StockTwits/Twitter @AidanFX June 16 2020 showing that a bearish market pattern (blue) formed...

GBPUSD Weekly Analysis – June 28, 2020

by ForexCycle.com | June 28, 2020 1:54 am
GBPUSD failed to break above the falling trend line on the daily chart and pulled back from 1.2812. However, another rise to test the trend line resistance is possible, and a breakout of 1.2812 level could trigger...

GBPUSD : Spotting and Trading Confluence Zones

by elliottwave-forecast.com | June 15, 2020 3:20 pm
The GPBUSD pair last week formed a temporary top and reversed lower. Towards the end of the trading week GBPUSD made  lower lows and lower highs signalling the pair was in a downside trend. Traders use confluence...

GBPUSD Daily Analysis – June 15, 2020

by ForexCycle.com | June 14, 2020 10:56 pm
GBPUSD extended its downside movement from 1.2812 to as low as 1.2473. Further decline would likely be seen and next target would be at 1.2300 area. Near term resistance is at 1.2600, a break of this level...

GBPUSD Daily Analysis – June 12, 2020

by ForexCycle.com | June 12, 2020 1:26 am
GBPUSD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the uptrend from 1.2073 had completed at 1.2812 already. Another fall towards 1.2100 would likely be seen in the coming days....

GBPUSD Daily Analysis – June 11, 2020

by ForexCycle.com | June 11, 2020 3:36 am
GBPUSD extended its upside movement from 1.2073 to as high as 1.2812. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...

GBPUSD Daily Analysis – June 9, 2020

by ForexCycle.com | June 9, 2020 3:36 am
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2073. As long as the channel support holds, the upside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – June 8, 2020

by ForexCycle.com | June 8, 2020 2:39 am
GBPUSD extended its upside movement from 1.2073 to as high as 1.2730, breaking above 1.2642 resistance. Further rise would likely be seen and next target would be at 1.2900 area. Key support is at 1.2500, only break...

GBPUSD Daily Analysis – June 5, 2020

by ForexCycle.com | June 5, 2020 1:26 am
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2073. As long as the channel support holds, the upside movement could be expected to continue and next target would...

GBPUSD Daily Analysis – June 4, 2020

by ForexCycle.com | June 4, 2020 1:48 am
GBPUSD extended its upside movement from 1.2073 to as high as 1.2615 and is now facing 1.2647 resistance, a breakout of this level could trigger further upside movement to 1.2800 area. Near term support is at 1.2475,...