GBPUSD Analysis – August 15, 2009

by ForexCycle.com | August 15, 2009 2:40 am
No changed in our view, GBPUSD is forming a cycle top at 1.7042 level on daily chart. Deeper decline to test 1.6339 key support is expected next week, a break of this level will confirm the cycle...

GBPUSD Analysis – August 8, 2009

by ForexCycle.com | August 8, 2009 2:55 am
GBPUSD is forming a cycle top at 1.7042 level on daily chart, key support is at 1.6339, a break below this level will confirm the cycle top, then deeper decline could be seen to 1.5900-1.6000 area. Long...

GBPUSD Analysis – August 1, 2009

by ForexCycle.com | August 1, 2009 5:46 am
GBPUSD is testing 1.6743 previous high resistance, a break above this level will suggest that the uptrend from 1.3503 has resumed, then further rally could be seen to 1.7000 zone. Near term support is now at 1.6310,...

GBPUSD Analysis – July 25, 2009

by ForexCycle.com | July 25, 2009 1:26 am
GBPUSD is in range trading between 1.5801 and 1.6743. Further rise to test 1.6743 previous high resistance is possible next week and pullback would more likely be seen before breaking above this level. Near term support is...

GBPUSD Analysis – July 19, 2009

by ForexCycle.com | July 19, 2009 1:19 am
GBPUSD stays in a trading range between 1.5801 and 1.6743. As long as 1.5801 support holds, the price action from 1.6662 is treated as consolidation of uptrend from 1.3654, and further rally is possible to 1.7000-1.7500 area...

GBPUSD Analysis – July 11, 2009

by ForexCycle.com | July 11, 2009 1:00 am
GBPUSD is in range trading between 1.5801 and 1.6743. Moving sideways in this range is expected next week. As long as 1.5801 support holds, the price action in the trading range is treated as consolidation of uptrend...

GBPUSD Analysis – July 4, 2009

by ForexCycle.com | July 4, 2009 3:13 am
After breaking above 1.6662 resistance, GBPUSD pulls back from 1.6743 level. Deeper decline is possible to test 1.5801 key support, a break down below this level will indicate that the uptrend from 1.3654 has completed at 1.6743...

GBPUSD Analysis – June 27, 2009

by ForexCycle.com | June 27, 2009 1:52 am
GBPUSD stayed in a trading range between 1.5801 and 1.6662 for several weeks. Breaking above the trading range is expected next week. A break above 1.6662 level will indicate that the uptrend from 1.3654 has resumed, then...

GBPUSD Analysis – June 20, 2009

by ForexCycle.com | June 20, 2009 1:45 am
GBPUSD stays in a trading range between 1.5801 and 1.6662. The price action in this range is more likely consolidation of uptrend from 1.3654. Further rally is still possible after consolidation and a break above 1.6662 level...

GBPUSD Analysis – June 13, 2009

by ForexCycle.com | June 13, 2009 3:04 am
GBPUSD is forming a cycle bottom at 1.5801 on daily chart. Range trading between 1.5801 and 1.6662 is possible next week. Key resistance is located at 1.6662, a break above this level will indicate that the uptrend...