gbpusd

  1. IvanGlobalPrime

    Global Prime: Volume, Correlations, Technicals

    EUR/USD Setting Up for a Rotational Day, 1.1570 & 1.1630 Extremes to Exploit VOLUMES & CORRELATIONS (H4) The first test of a macro resistance exhibited bearish dynamics to reverse a 3-day long bounce, and while the rejection was quite commanding for the interest of sellers, buyers were lined...
  2. IvanGlobalPrime

    Global Prime: Institutional-Level CoT Weekly Analysis

    My name is Ivan Delgado, Head of Market Research at Global Prime and FX Trader. Out of my unconditional alignment to the values at Global Prime, I am on a mission to pass on my decade-long knowledge by providing regular market commentary and other types of material that is applicable, actionable...
  3. forexcycle

    GBPUSD Failed To Break Below Trend Line Support

    The GBPUSD pair failed in it attempt to break below the bullish support trend line on the 4-hour chart and rebounded strongly from 1.3319, suggesting that the pair remains in the uptrend from 1.3039. As long as the price is above the trend line, the price action from 1.3549 could be treated as...
  4. forexcycle

    The GBPUSD pair remains in uptrend from 1.3039

    The GBPUSD pair remains in uptrend from 1.3039, the fall from 1.3549 could be treated as consolidation of the uptrend. As long as the price is above the trend line, the uptrend could be expected to continue and next target would be at 1.3657 (Sep 20 high). Near term resistance is at 1.3549, a...
  5. forexcycle

    GBPUSD’s upside movement extended to 1.3279

    GBPUSD’s upside movement from 1.3039 extended to as high as 1.3279. Further rise to test 1.3337 key resistance is still possible in the coming days. As long as this level holds, the sideways movement in a range between 1.3027 and 1.3337 could be treated as consolidation of the downtrend from...
  6. forexcycle

    GBPUSD is testing 1.3229 resistance

    GBPUSD is testing 1.3229 resistance, a breakout of this level could take price to the key resistance at 1.3337. As long as this level holds, the sideways movement in the trading range between 1.3027 and 1.3337 could be treated as consolidation of the downtrend from 1.3657 (Sep 20 high), and...
  7. forexcycle

    GBPUSD continued its sideways movement between 1.3027 and 1.3337

    GBPUSD continued its sideways movement in a trading range between 1.3027 and 1.3337. Another rise towards 1.3337 resistance would likely be seen in the coming days. As long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3657, and further...
  8. forexcycle

    GBPUSD is facing bullish support trend line

    GBPUSD is now facing the bullish support trend line from 1.2109 to 1.2774 on the daily chart. A clear break below the trend line support could take price to a key support level at 1.2774, below this level will confirm that the upside movement from 1.1946 (Oct 2016 low) had completed at 1.3657...
  9. forexcycle

    GBPUSD failed to breakout 1.3228 resistance

    GBPUSD failed its attempts to breakout of 1.3228 resistance and pulled back to 1.3110 area, suggesting that the pair remains in the short term downtrend from 1.3337 and deeper decline towards the major support trend line on the daily chart would likely be seen in the coming days. Near term...
  10. forexcycle

    GBPUSD Is Testing Long Term Trend Line Resistance

    GBPUSD is testing a long term resistance trend line on its weekly chart. A clear break above the trend line resistance could see price rise towards next resistance level at 1.3950. This level would be the final destination of the bullish movement from the October 2016 low of 1.1946. Near term...
  11. forexcycle

    GBPUSD moved sideways in a trading range between 1.3451 and 1.3652

    GBPUSD moved sideways in a trading range between 1.3451 and 1.3652. The sideways movement is likely consolidation of the uptrend from 1.2774. As long as 1.3451 support holds, the uptrend could be expected to continue and next target would be at 1.3950 area. On the downside, a breakdown below...
  12. forexcycle

    GBPUSD stays above a bullish support trend line

    GBPUSD stays above a bullish support trend line on the 4-hour chart and remains in the uptrend from 1.2774, the fall from 1.3618 is likely consolidation of the uptrend. Deeper decline is still possible and next target would be at 1,3400, followed by 1.3370. As long as 1.3370 level holds, the...
  13. forexcycle

    GBPUSD extended its bullish movement to 1.3138

    GBPUSD extended its bullish movement from 1.2774 to as high as 1.3138. As long as the price is above the bullish trend line from 1.2774 to 1.2852 on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3200 area. Near term support is at 1.3018...
  14. forexcycle

    GBPUSD remains in the uptrend from 1.2774

    GBPUSD remains in the uptrend from 1.2774, the price action from 1.2978 is likely consolidation of the uptrend. Near term support is at 1.2852, as long as this level holds, the uptrend could be expected to resume and next target would be at 1.3100 area. On the downside, a breakdown below 1.2852...
  15. forexcycle

    GBPUSD remains in the downtrend from 1.3267

    GBPUSD remains in the downtrend from 1.3267, the bounce from 1.2841 is likely consolidation of the downtrend. Near term resistance is at top trend line of the price channel on its 4-hour chart. As long as the price is in the channel, the downside movement could be expected to continue and next...
  16. forexcycle

    GBPUSD stays below a falling trend line on the 4-hour chart

    GBPUSD stays below a falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.3267 could be expected to continue and next target would be at 1.2750 area. On the upside, the pair is facing the bullish support trend line on the daily chart. As long...
  17. forexcycle

    GBPUSD moved sideways between 1.2939 and 1.3030

    GBPUSD moved sideways in a narrow range between 1.2939 and 1.3030. As long as 1.3030 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3267, and further decline towards the bullish support trend line on the daily chart is possible after the...
  18. forexcycle

    GBPUSD is facing channel support

    GBPUSD is facing the bottom support trend line of the price channel on its 4-hour chart. A clear break below the channel support will indicate that the uptrend from 1.2589 had completed at 1.3267 already, then the following bearish movement could bring price to test 1.2811 key support. On the...
  19. forexcycle

    GBPUSD remains in uptrend from 1.2589

    GBPUSD remains in uptrend from 1.2589, the pullback from 1.3125 could be treated as correction of the uptrend. Deeper decline to wards the bottom trend line of the price channel on its 4-hour chart is possible in a couple of days. As long as the channel support holds, the uptrend could be...
  20. forexcycle

    GBPUSD’s bounce extended to 1.2759

    GBPUSD’s bounce from 1.2589 extended to as high as 1.2759. Further rise to test the resistance of the top trend line of the price channel on its 4-hour chart is possible. As long as the channel resistance holds, the bounce could be treated as consolidation of the downtrend from 1.3047, and...
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