GBPUSD Daily Analysis – February 10, 2020

by ForexCycle.com | February 10, 2020 3:25 am
GBPUSD extended its downside movement from 1.3209 to as low as 1.2881. Further decline is still possible after a minor consolidation and next target would be at 1.2800 area. Near term resistance is at 1.2960, a break...

GBPUSD Weekly Analysis – February 9, 2020

by ForexCycle.com | February 9, 2020 11:35 am
GBPUSD broke below 1.2905 support, suggesting that the upside movement from 1.1958 had completed at 1.3514 already. Further decline would likely be seen in a couple of weeks and next target would be at 1.2500 area. Resistance...

GBPUSD Daily Analysis – February 7, 2020

by ForexCycle.com | February 7, 2020 4:35 am
GBPUSD’s downside movement from 1.3209 extended to as low as 1.2920. Further decline would likely be seen in the coming days and next target would be at 1.2800 area. Near term resistance is at 1.3000, a break...

GBPUSD Daily Analysis – February 6, 2020

by ForexCycle.com | February 6, 2020 4:20 am
GBPUSD remains in the downtrend from 1.3209, further decline would likely be seen in the coming days, and next target would be at 1.2800 area. Near term resistance is at 1.3070, a break of this level could...

GBPUSD Daily Analysis – February 5, 2020

by ForexCycle.com | February 5, 2020 4:22 am
GBPUSD broke below 1.2954 support, suggesting that the downtrend from 1.3514 has resumed. Further decline could be expected in the coming days, and next target would be at 1.2850 area. Resistance is at 1.3050, above this level...

GBPUSD Daily Analysis – February 4, 2020

by ForexCycle.com | February 4, 2020 5:08 am
GBPUSD is facing 1.2954 support once again. A breakdown below this level would indicate that the downtrend from 1.3514 has resumed, then further decline towards 1.2750 could be seen. Near term resistance is at 1.3030, above this...

GBPUSD Daily Analysis – February 3, 2020

by ForexCycle.com | February 3, 2020 4:17 am
GBPUSD broke above the upper border of the triangle pattern on the 4-hour. Further rally would likely be seen in a couple of days and next target would be at 1.3280, followed by 1.3400. Near term support...

GBPUSD Weekly Analysis – February 2, 2020

by ForexCycle.com | February 2, 2020 1:39 pm
GBPUSD continued its sideways movement in a trading range between 1.2905 and 1.3284. The sideways movement is likely consolidation for the uptrend from 1.1958, a break of 1.3284 resistance could trigger further upside movement towards 1.3800. On...

GBPUSD Daily Analysis – January 31, 2020

by ForexCycle.com | January 31, 2020 2:48 am
GBPUSD formed a triangle pattern on the 4-hour chart. A break of the upper border of the pattern could take the price to next resistance level at 1.3280, followed by 1.3400. On the downside, a breakdown below...

GBPUSD Daily Analysis – January 30, 2020

by ForexCycle.com | January 30, 2020 4:07 am
GBPUSD is facing 1.2954 support, a breakdown below this level could trigger further downside movement towards 1.2850, followed by 1.2800. Near term resistance is at 1.3065, only break above this level could trigger another rise towards 1.3200.