GBPUSD Daily Analysis – September 15, 2016

by ForexCycle.com | September 15, 2016 1:44 am
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...

GBP/USD Forecast September 14, 2016, Technical Analysis

by FX Empire | September 14, 2016 5:54 am
The GBP/USD pair fell during the course of the session on Tuesday, breaking down below the 1.32 level. I believe eventually that this market continues to go lower, especially considering that the British pound itself is starting...

GBPUSD Daily Analysis – September 14, 2016

by ForexCycle.com | September 14, 2016 1:56 am
GBPUSD broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 1.2865 had completed at 1.3445 already. Resistance is located at the downward trend line. As long as the trend line...

GBP/USD Forecast September 13, 2016, Technical Analysis

by FX Empire | September 13, 2016 6:16 am
The GBP/USD pair rose slightly during the course of the session on Monday, as we continue to see quite a bit of volatility. The 1.34 level above looks to be resistive, and it extends all the way...

GBPUSD Daily Analysis – September 13, 2016

by ForexCycle.com | September 13, 2016 2:17 am
Being contained by the support of the price channel on 4-hour chart, GBPUSD rebounded from 1.3235, indicating that the pair remains in uptrend from 1.2865. Another rise to test 1.3480 (Jul 15 high) resistance is possible in...

GBPUSD Daily Analysis – September 12, 2016

by ForexCycle.com | September 12, 2016 2:07 am
GBPUSD is facing the support of the price channel on 4-hour channel. As long as the channel support holds, the uptrend from 1.2865 could be expected to resume, and next target would be at 1.3700 area. However,...

GBPUSD Weekly Analysis – September 11, 2016

by ForexCycle.com | September 11, 2016 9:14 am
GBPUSD moved sideways without trend in a range between 1.2795 and 1.3480 for several weeks. As long as 1.3800 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016, another fall...

GBP/USD Forecast September 12, 2016, Technical Analysis

by FX Empire | September 11, 2016 1:32 am
GBP/USD markets initially tried to rally during the course of the day on Friday, but turned gray back around to form a slightly negative candle. However, when I think more important is the fact that we formed...

GBP/USD Forecast September 9, 2016, Technical Analysis

by FX Empire | September 9, 2016 6:36 am
The GBP/USD pair initially tried to rally during the day on Thursday but turned right back around to form a relatively negative candle. It looks as if the British pound is going to continue selling off in,...

GBPUSD Daily Analysis – September 9, 2016

by ForexCycle.com | September 9, 2016 3:02 am
GBPUSD stays in a upward price channel on 4-hour chart, indicating that the pair remains in uptrend from 1.2865. Support is located at the bottom of the channel. As long as the channel support holds, the uptrend...