GBPUSD Surges Past Resistance: What’s Next?

by ForexCycle.com | January 15, 2024 12:48 am
The GBPUSD has managed to hurdle above the 1.2770 resistance level. This stride gives way to the possibility of a further climb towards 1.2827 resistance in the near future. If it manages to eclipse this level, it...

GBPUSD Faces Resistance at 1.2770, Potential for Upside Breakout

by ForexCycle.com | January 11, 2024 3:30 am
GBPUSD is once again facing resistance at the 1.2770 level. If the price manages to break above this resistance, it could potentially test the next resistance level at 1.2827. A successful breakout above 1.2827 would then aim...

GBPUSD Consolidates in a Trading Range, Potential for Upside Move

by ForexCycle.com | January 10, 2024 1:47 am
GBPUSD has failed to break above the 1.2770 resistance level and is currently trading sideways within a range between 1.2673 and 1.2770. In this consolidation phase, several potential scenarios can be considered. As long as the 1.2673...

GBPUSD Faces Resistance at 1.2770, Upside Potential

by ForexCycle.com | January 9, 2024 2:07 am
GBPUSD is currently facing a resistance level at 1.2770. If the price manages to break above this level, it could trigger a further upside move towards the 1.2827 resistance level. A breakout above 1.2827 might lead to...

GBPUSD Analysis – January 8, 2024

by ForexCycle.com | January 8, 2024 1:56 am
The GBPUSD currency pair attempted to break below the 1.2610 support level but failed and rebounded to 1.2770. This rebound suggests potential strength in the pair. A further rise to test the 1.2827 resistance level could be...

GBPUSD Analysis – January 4, 2024

by ForexCycle.com | January 4, 2024 12:22 pm
The GBPUSD currency pair has been trading sideways within a range bound by 1.2610 and 1.2827. This consolidation phase suggests a period of indecision in the market, with buyers and sellers closely balanced. Looking ahead, there is...

GBPUSD Analysis – October 4, 2023

by ForexCycle.com | October 4, 2023 12:23 pm
GBP/USD continues to be governed by a falling trend line on the 4-hour chart, indicating its ongoing downtrend from the level of 1.2745. As long as the price remains below the trend line, any bounces observed from...

GBPUSD Analysis – October 3, 2023

by ForexCycle.com | October 3, 2023 2:50 am
GBP/USD has continued its downward movement from 1.2745, reaching as low as 1.2070. As long as the price remains below the trend line, there is an expectation for the downside move to continue, with the next target...

GBPUSD Analysis – October 2, 2023

by ForexCycle.com | October 2, 2023 2:16 am
GBP/USD has encountered resistance at the falling trend line on the 4-hour chart, failing to break above it and subsequently pulling back from 1.2271. This suggests that the bounce observed from 1.2109 could be considered as a...

GBPUSD Analysis – September 26, 2023

by ForexCycle.com | September 26, 2023 10:43 am
GBP/USD has extended its downward movement from 1.2547 to as low as 1.2166. As long as the trend line resistance holds, there is a possibility of the downside move continuing, with the next target to consider around...