GBPUSD Analysis – February 6, 2010

by ForexCycle.com | February 6, 2010 2:34 am
GBPUSD breaks below 1.5708 key support and the fall from 1.6456 extends to as low as 1.5558 level, suggesting another decline is underway. Target for next week would be at 1.5200-1.5300 area. Near term resistance is at...

GBP/USD 1.5696 – 5 February 2010

by iFOREX.bg | February 5, 2010 9:15 am
GBP/USD Open 1.5766 High 1.5918 Low 1.5650 Close 1.5752Pound/Dollar continued descending on Thursday from 1.5918 to 1.5741, closing the day at 1.5752. On the 1 hour chart we have a very well shaped downward channel and our...

GBP/USD 1.5894 – 4 February 2010

by iFOREX.bg | February 4, 2010 9:01 am
GBP/USD Open 1.5915 High 1.6060 Low 1.5869 Close 1.5892On Wednesday Pound/Dollar climbed to 1.6060, where the bullish momentum was limited, from which point the Cable collapsed down to 1.5881, closing the day at 1.5892. That puts the...

GBP/USD 1.6029 – 3 February 2010

by iFOREX.bg | February 3, 2010 9:22 am
GBP/USD Open 1.5991 High 1.6059 Low 1.5904 Close 1.5771Pound/Dollar has formed new small rising channel on the 15 minute chart starting from Monday’s bottom at 1.5859. After little hesitation on Wednesday, climbing continued to 1.5996, closing the...

GBP/USD 1.5945 – 2 February 2010

by iFOREX.bg | February 2, 2010 9:12 am
GBP/USD Open 1.5948 High 1.5980 Low 1.5853 Close 1.5955Pound/Dollar traded downwards on Monday, from the 1.5980 top, down to the 1.5853 bottom, closing the day at 1.5955. The 1.5853 bottom and support is still holding the bearish...

GBP/USD 1.5951 – 1 February 2010

by iFOREX.bg | February 1, 2010 9:07 am
GBP/USD Open 1.5970 High 1.6173 Low 1.5924 Close 1.5981Pound/Dollar continued decreasing on Friday, form the 1.6173 point, down to 1.5976, closing the week at 1.5981. The Cable continued to weaken today, forming new support level at 1.5900....

GBPUSD Analysis – January 30, 2010

by ForexCycle.com | January 30, 2010 3:40 am
GBPUSD has formed a cycle top at 1.6456 level on daily chart. Another fall towards 1.5708 previous low is expected next week, a breakdown below this level trigger further decline to 1.4800-1.5000 area. Resistance is at 1.6456,...

GBP/USD 1.6231 – 28 January 2010

by iFOREX.bg | January 28, 2010 9:07 am
GBP/USD Open 1.6175 High 1.6276 Low 1.6100 Close 1.6168The Cable managed to hold its gains on Wednesday despite the strong Dollar against other currencies. Pound/Dollar climbed to the 1.6240 top, forming new resistance level there, and closing...

GBP/USD 1.6147 – 27 January 2010

by iFOREX.bg | January 27, 2010 9:09 am
GBP/USD Open 1.6136 High 1.6268 Low 1.6093 Close 1.6142Pound/Dollar made a sharp decreasing movement on Tuesday from the 1.6268 down to the 1.6100 bottom, closing the day at 1.6142. The 1.6093 level pays a key support role...

GBP/USD 1.6262 – 26 January 2010

by iFOREX.bg | January 26, 2010 8:58 am
GBP/USD Open 1.6244 High 1.6268 Low 1.6093 Close 1.6242Pound/Dollar rose on Monday in anticipation of strong UK GDP data, due today at 9:30 GMT. The Cable climbed to 1.6260, closing the day at 1.6242. This morning the...