GBPUSD Analysis – Feb 9, 2008

by ForexCycle.com | February 8, 2008 8:13 pm
GBPUSD is testing the previous low support at 1.9337. Rebound to 1.9800 area to reach the next cycle top on daily chart is expected if 1.9337 support holds, and further fall towards 1.9000 area could be seen...

GBPUSD Analysis. Feb 6, 2008

by ForexCycle.com | February 5, 2008 6:52 pm
GBPUSD is in consolidation to the down trend. Further pullback towards 1.9337 previous low could still be seen in the next several days. Near term resistance is at 1.9957, as long as this resistance holds, we’d expected...

GBPUSD Analysis. Feb 2, 2008

by ForexCycle.com | February 1, 2008 9:21 pm
No changed in our view, GBPUSD is forming a sideways consolidation in a range between 1.9337 and 2.0099. decline towards 1.9400 area, and rebound from the previous low support at 1.9337 may be expected next week. The...

GBPUSD Analysis. Jan 30, 2008

by ForexCycle.com | January 29, 2008 7:38 pm
GBPUSD is forming a sideways consolidation in a range between 1.9337 and 2.0099, move without trend in this range may be expected before breaking below 1.0337 level. However, the rise from 1.9337 is treated as consolidation to...

GBPUSD Analysis. Jan 26, 2008

by ForexCycle.com | January 25, 2008 8:06 pm
GBPUSD broke above the down trend line from 2.1161 to 2.0830. Correction to the down trend can be seen next week. However, down trend will resume after correction, and a break below 1.9337 previous low will signal...

GBPUSD Analysis. Jan 23, 2008

by ForexCycle.com | January 22, 2008 8:44 pm
GBPUSD’s down trend remains, the fall from 1.1161 extended to as low as 1.9337, and the rebound from 1.9337 is treated as consolidation to the down trend. Further decline towards 1.9200 area to reach the next cycle...

GBPUSD Analysis. Jan 20, 2008

by ForexCycle.com | January 19, 2008 7:10 pm
GBPUSD’d down trend remains, and the rebound from 1.9481 is treated as consolidation to the down trend. Further decline towards 1.9300 area to reach the next cycle bottom on daily chart is still possible after consolidation. Near...

GBPUSD Analysis. Jan 16, 2008

by ForexCycle.com | January 15, 2008 7:31 pm
GBPUSD’d down trend remains, and the fall from 2.1161 extended to as low as 1.9481 level. Further fall towards 1.9300 area to reach the next cycle bottom on daily chart is still in favor. Near term resistance...

GBPUSD Analysis. Jan 13, 2008

by ForexCycle.com | January 13, 2008 3:14 am
GBPUSD broke below the long term support at 1.9652 (Aug 17, 2007 low), and reached as low as 1.9481. Further fall towards 1.9300 area is still in favor. Near term resistance is at the down trend line...

GBPUSD Analysis. Jan 9, 2008

by ForexCycle.com | January 8, 2008 8:05 pm
GBPUSD is testing the support at 1.9652 (Aug 17, 2007 low). Further fall towards 1.9300 area is still in favor. Near term resistance is at the down trend line from 2.1161 to 2.0830, and as long as...