GBPUSD Weekly Analysis – May 27, 2017

by ForexCycle.com | May 27, 2017 6:25 am
GBPUSD moved below the rising trend line support at 1.2820 on its daily chart and is now facing the 1.2756 key support. A breakdown below this level will confirm that the bullish movement from 1.2109 had completed...

GBP/USD Forecast May 29, 2017, Technical Analysis

by FX Empire | May 27, 2017 5:47 am
The British pound fell apart during the session on Friday, as election polls are starting to throw down into what the election results will be. This being the case, there are a lot of questions as to...

GBP/USD Forecast May 26, 2017, Technical Analysis

by FX Empire | May 26, 2017 5:16 am
The British pound had a volatile session on Thursday, as we reached above the 1.30 level during the day, and then fell significantly. We continue to see support based upon the uptrend line, so it’s not a...

GBPUSD Daily Analysis – May 26, 2017

by ForexCycle.com | May 26, 2017 3:59 am
GBPUSD broke below the bottom trend line of the price channel on 4-hour chart, and is now facing the 1.2844 key support. A breakdown below this level indicate that the upward movement from 1.2365 had completed at...

GBPUSD Daily Analysis – May 25, 2017

by ForexCycle.com | May 25, 2017 1:59 am
GBPUSD moves in a bullish price channel on 4-hour, indicating that the pair remains in uptrend from 1.2365. As long as the pair is in the channel, the uptrend could be expected to continue, and further rise...

GBP/USD Forecast May 24, 2017, Technical Analysis

by FX Empire | May 24, 2017 5:41 am
The GBP/USD pair was initially soft during the session on Tuesday, but found enough buying pressure underneath the 1.30 level to continue to go higher. We still have a significant amount of resistance at the 1.3050 level...

GBPUSD Daily Analysis – May 24, 2017

by ForexCycle.com | May 24, 2017 12:40 am
GBPUSD pair found resistance at the top of the price channel on 4-hour chart and pulled back into 1.2955 zone. Deeper decline would likely be seen and the target would be at the bottom support line of...

GBP/USD Forecast May 23, 2017, Technical Analysis

by FX Empire | May 23, 2017 7:52 am
The GBP/USD pair had a very volatile session on Monday, as we continue to see the market undulate back and forth with all the massive headlines to keep crossing the wires. As the negotiations about the United...

GBPUSD Daily Analysis – May 23, 2017

by ForexCycle.com | May 23, 2017 3:05 am
GBPUSD remains in uptrend from 1.2365. As long as the pair is in the ascending price channel on 4-hour chart, the uptrend could be expected to continue and further rise to 1.3100 area is still possible. Near...

GBPUSD Daily Analysis – May 22, 2017

by ForexCycle.com | May 22, 2017 2:28 am
GBPUSD moved in an ascending price channel on 4-hour chart which provides resistance at the top trend line and support at the bottom trend line. As long as the pair is in the channel, the uptrend from...