GBPUSD Daily Analysis – May 23, 2018

by ForexCycle.com | May 23, 2018 2:52 am
GBPUSD remains in the downtrend from 1.4376, the bounce from 1.3390 is likely consolidation of the downtrend. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be...

GBPUSD Daily Analysis – May 22, 2018

by ForexCycle.com | May 22, 2018 2:38 am
GBPUSD extended its downside movement from 1.4376 to as low as 1.3390. Further decline is possible after a minor consolidation and next target would be at 1.3300 area. Near term resistance is at the falling trend line...

GBPUSD Daily Analysis – May 21, 2018

by ForexCycle.com | May 21, 2018 2:14 am
GBPUSD is facing 1.3451 support. A breakdown of this level would suggest that the downside movement from 1.4376 has resumed, then next target would be at 1.3350 area. Key resistance is at 1.3617, only a breakout of...

GBPUSD Weekly Analysis – May 20, 2018

by ForexCycle.com | May 20, 2018 1:35 pm
No changed in our view, GBPUSD remains in the downtrend from 1.4376. As long as 1.3617 key resistance holds, the downside movement could be expected to continue and next target would be at 1.3100 area. On the...

GBPUSD Daily Analysis – May 17, 2018

by ForexCycle.com | May 17, 2018 3:21 am
GBPUSD continued its sideways movement in a trading range between 1.3451 and 1.3617. The sideways movement is likely consolidation for the downtrend from 1.4376 and a breakdown below 1.3451 support could trigger another fall towards 1.3350. On...

GBPUSD Daily Analysis – May 16, 2018

by ForexCycle.com | May 16, 2018 3:11 am
GBPUSD moved sideways in a trading range between 1.3451 and 1.3617. As long as 1.3617 key resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.4376 and further decline towards 1.3350 is...

GBPUSD Daily Analysis – May 15, 2018

by ForexCycle.com | May 15, 2018 4:01 am
GBPUSD continued its sideways movement in a trading range between 1.3459 and 1.3617. As long as 1.3617 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.4376 and another...

GBPUSD Weekly Analysis – May 13, 2018

by ForexCycle.com | May 13, 2018 8:27 am
GBPUSD remains in the downtrend from 1.4376. Further decline would likely be seen after a minor consolidation and next target would be at 1.3100 area. Resistance is at 1.3800, only a breakout of this level could signal...

GBPUSD Daily Analysis – May 11, 2018

by ForexCycle.com | May 11, 2018 1:45 am
GBPUSD extended its downside movement from 1.4376 to as low as 1.3459. Key resistance is now at 1.3617. As long as this level holds, the sideways movement in a range between 1.3459 and 1.3617 could be treated...

GBPUSD Daily Analysis – May 10, 2018

by ForexCycle.com | May 10, 2018 1:27 am
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 1.4376 had completed at 1.3484 already. Further rally would likely be seen and a breakout of 1.3606 resistance could take price...