GBPUSD Analysis – May 7, 2008

by ForexCycle.com | May 6, 2008 7:38 pm
GBPUSD stays in a trading range between 1.9599 and 2.0193. Rebound to 2.0100 area to reach the next cycle top on daily chart would more likely be seen before breaking below 1.9599 previous low. As long as...

GBPUSD Analysis – May 3, 2008

by ForexCycle.com | May 2, 2008 10:48 pm
No changed in our view, GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks. Rebound to 2.0100 area to reach the next cycle top on daily chart would more likely be seen before breaking...

GBPUSD Analysis – Apr 30, 2008

by ForexCycle.com | April 29, 2008 7:52 pm
GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks. Rebound to 1.9950 area to reach the next cycle top on daily chart would more likely be seen before breaking below 1.9599 previous low. As...

GBPUSD Analysis – Apr 26, 2008

by ForexCycle.com | April 25, 2008 9:39 pm
GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks and is in consolidation to the down trend. As long as 2.0193 resistance holds, we’d expect down trend to resume and deeper decline to test...

GBPUSD Analysis – Apr 23, 2008

by ForexCycle.com | April 22, 2008 8:08 pm
No changed in our view, GBPUSD is in down trend. Rebound from 1.9599 is treated as correction to the down trend. Further rise to test the price channel resistance is still possible in a couple of days....

GBPUSD Analysis – Apr 19, 2008

by ForexCycle.com | April 19, 2008 12:56 am
GBPUSD is in down trend. Rebound from 1.9599 is treated as correction to the down trend. Further rise to test the price channel resistance is still possible next week. As long as 2.0193 resistance holds, we’d expect...

GBPUSD Analysis – Apr 16, 2008

by ForexCycle.com | April 15, 2008 7:14 pm
GBPUSD is in down trend. Further fall to retest 1.9337 previous low support is still in favor. Near term resistance is now at 1.9894, as long as this resistance holds, we’d expected down trend to continue.

GBPUSD Analysis – Apr 12, 2008

by ForexCycle.com | April 12, 2008 6:35 am
GBPUSD is in down trend. Deeper decline to test 1.9337 is still possible in the next several days. Near term resistance is at 1.9841 and key resistance is at 2.0049. As long as 2.0049 resistance holds, we’d...

GBPUSD Analysis – Apr 9, 2008

by ForexCycle.com | April 8, 2008 8:27 pm
GBPUSD drops sharply to as low as 1.9656. Near term resistance is now at 2.0049, as long as this resistance holds, we’d expect down trend to continue and deeper decline to retest 1.9337 long term support is...

GBPUSD Analysis – Apr 5, 2008

by ForexCycle.com | April 4, 2008 8:29 pm
GBPUSD is in down trend. Rebound from 1.9736 is treated as consolidation to the down trend. Further fall to test 1.9337 previous low support is still in favor after consolidation. As long as 2.0193 resistance holds, we’d...