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...

GBPUSD Analysis – September 22, 2023

by ForexCycle.com | September 22, 2023 10:30 am
GBP/USD continues to stay below a falling trend line on the 4-hour chart, indicating that the pair is still in a downtrend. The downside move has extended to as low as 1.2232, suggesting further potential for the...

GBPUSD Analysis – September 21, 2023

by ForexCycle.com | September 21, 2023 12:58 am
The GBP/USD pair has indeed extended its downside move from 1.2745 to as low as 1.2309, indicating a continued bearish momentum. As long as the price remains below the falling trend line on the 4-hour chart, it...

GBPUSD Analysis – September 20, 2023

by ForexCycle.com | September 20, 2023 10:06 am
The GBP/USD currency pair has continued its downward trajectory, extending the move from 1.2745 to reach as low as 1.2332. With the price still below the falling trend line on the 4-hour chart, a bearish outlook is...

GBPUSD Analysis – September 18, 2023

by ForexCycle.com | September 18, 2023 8:24 am
The GBP/USD currency pair has further extended its downward movement, declining from 1.2745 to a low of 1.2369. Currently, as long as the price remains below the falling trend line on the 4-hour chart, the downside move...

GBPUSD Analysis – September 15, 2023

by ForexCycle.com | September 15, 2023 10:23 am
The GBP/USD currency pair has experienced a downward movement, declining from 1.2745 to a low of 1.2395. Currently, if the resistance level at 1.2547 remains intact, it is likely that the downward movement will persist, with the...

GBPUSD Analysis – September 12, 2023

by ForexCycle.com | September 12, 2023 3:46 am
GBP/USD has broken above the falling trend line on its 4-hour chart, indicating a potential completion of the short-term downtrend that started from 1.2745. The price reached a low of 1.2444 before the breakout occurred. Based on...