GBPUSD Daily Analysis – September 5, 2019

by ForexCycle.com | September 5, 2019 3:56 am
GBPUSD broke above the resistance of the falling trend line on the 4-hour chart, indicating that the downside movement from 1.2309 had completed at 1.1958 already. Further rise is still possible and next target would be at...

GBPUSD Daily Analysis – September 4, 2019

by ForexCycle.com | September 4, 2019 3:33 am
GBPUSD bounced strongly from 1.1958, however, as long as the price is below the falling trend line on the 4-hour chart, the bounce could be treated as consolidation for the downtrend from 1.2309, another fall towards 1.1900...

GBPUSD Daily Analysis – September 3, 2019

by ForexCycle.com | September 3, 2019 3:06 am
GBPUSD is facing 1.2014 support, a breakdown below this level could trigger further downside movement towards 1.1900 area. Near term resistance is at 1.2090, above this level could bring the price back towards the falling trend line...

GBPUSD Daily Analysis – September 2, 2019

by ForexCycle.com | September 2, 2019 1:22 am
GBPUSD’s downside movement from 1.2309 extended to as low as 1.2136. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...

GBPUSD Weekly Analysis – September 1, 2019

by ForexCycle.com | September 1, 2019 12:15 pm
GBPUSD failed to break above the top of the price channel on the daily chart, suggesting that the pair remains in the downtrend from 1.3381. As long as the channel resistance holds, the downside movement could be...

GBPUSD Daily Analysis – August 30, 2019

by ForexCycle.com | August 30, 2019 3:29 am
GBPUSD is now in the downtrend from 1.2309, further decline would likely be seen in a couple of days and next target would be at 1.2060, followed by 1.2000. Resistance is at 1.2250, above this level could...

GBPUSD Daily Analysis – August 29, 2019

by ForexCycle.com | August 29, 2019 3:39 am
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the short term uptrend from 1.2014 had completed at 1.2309 already. Deeper decline could be expected in the coming days and next target would...

GBPUSD Daily Analysis – August 28, 2019

by ForexCycle.com | August 28, 2019 3:30 am
GBPUSD extended its upside movement from 1.2014 to as high as 1.2309. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...

GBPUSD Daily Analysis – August 27, 2019

by ForexCycle.com | August 27, 2019 5:15 am
GBPUSD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2014 had completed at 1.2293 already. Further decline would likely be seen and next target would be at 1.2060 area....

GBPUSD Daily Analysis – August 26, 2019

by ForexCycle.com | August 26, 2019 1:26 am
GBPUSD extended its upside movement from 1.2014 to as high as 1.2293. 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...