Long Term Forex Analysis

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GBPUSD rebounded to 1.8668 level
Sat, Sep 27 2008, 01:39 GMT
by Franco Shao
ForexCycle.com
GBPUSD rebounded to 1.8668 level and is now in up trend. As long as 1.8200 support holds, we'd expect up trend to continue and further rise is still possible to 1.9000 zone. However, a break below 1.8200 will indicate that a cycle top has been formed and consolidation in a range between 1.7900 and 1.8600 could be seen to follow.
For long term analysis, GBPUSD broke above 1.8480 key resistance and formed a cycle bottom at 1.7445 on weekly chart. Rise towards 2.000 zone is expected in a couple of months.

Published on
Sat, Sep 27 2008, 01:44 GMT
Archive
- USDCHF is in range trading between 1.0032 and 1.0337
Published On Sat, Nov 21 2009, 05:11 GMT
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Published On Sat, Nov 14 2009, 12:22 GMT
- EURUSD rebounded from 1.4626 level
Published On Sat, Nov 7 2009, 05:12 GMT
- EURUSD pulled back from 1.5062
Published On Sat, Oct 31 2009, 15:13 GMT
- GBPUSD broke above the falling trend line
Published On Sun, Oct 25 2009, 01:09 GMT
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