It seems like GBP/USD establishes a descending channel and GBP/USD requires a further strong move for the certainty of breakout.
When price breaks above resistance, the resulting move could spot extending an uptrend.
A further bullish push up towards 1.185 is about to happen.
GBP/USD: Falling Wedge
GBP/USD,
4 hours
LONG
Aug 2
The price creates a falling wedge, the price is ready to break out soon.
A falling wedge is considered to be a price indicator that can be used to indicate a break in the price direction in case if price breaks out.
A bullish continuation to 1.28 is possible.
GBP/USD: Falling Wedge
GBP/USD,
1 hour
LONG
Feb 20
A falling wedge is revealed.
A falling wedge is a reliable bullish price action formation with a downward bias that is used to signal a further move up when price breaks through the resistance.
GBP/USD dives out bearish trendline towards 1.259.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Jan 9
We can see that the price sets up an ascending channel and GBP/USD needs further pullback for the certainty of breakdown.
An ascending channel is believed to be a reliable bearish price indicator that often signals a move down in case if price breaks down.
It is likely that corrective downside towards 1.27 will form amid rising bets for the move.
GBP/USD: Ascending Triangle
GBP/USD,
4 hours
SHORT
Dec 4
There is an ascending triangle exposed, GBP/USD demands a further strong correction to confirm a breakout.
In case if price breaks out to the the downside, the resulting move could spot prices are likely to keep falling downward.
GBP/USD now looks towards the 1.262 mark on a breakdown of the ascending triangle.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Mar 26
It looks like an ascending channel arises.
An ascending channel is considered to be a bearish price action formation that is angled up that is used to indicate the bulls have run out of steam in case if price breaks below support.
GBP/USD opens door for a move towards the 1.263 level on a breakout of the ascending channel.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Jun 20
There is a rising wedge identified.
A rising wedge represents a reliable signal that predicts a move down in case if price breaks out to the the downside.
A rangebound to 1.27 looks possible on a breakout of the rising wedge.
GBP/USD: Falling Wedge
GBP/USD,
1 hour
LONG
Aug 21
The price gives a falling wedge, GBP/USD asks for a move as a sign of a breakout.
Once price breaks out, the move could signal a bullish price move.
A bullish move to 1.276 stays on the cards as the currency pair is at a brink of a bullish breakout.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
Dec 19
GBP/USD shows a bullish flag.
A bullish flag spots a bearish-to-bullish trend reversal when price breaks out to the the upside.
GBP/USD does not rule out a move to 1.27 once beyond 1.266.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Feb 13
We can see that an ascending channel is close to being done, the price breaks out soon.
If price breaks down, the resulting move could signal a temporary interruption during a rising market.
GBP/USD to resume its downfall towards 1.26 while lower than 1.261 as downtrend may continue.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
May 8
It looks like a rising wedge emerges, the price requires an active correction as proof of a breakout.
A rising wedge is a useful formation with an upward bias that is used to indicate a bullish-to-bearish trend reversal in case if price breaks through the support.
GBP/USD risks extra losses towards 1.26 as bears looking for profit.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
SHORT
Sep 14
There is an ascending triangle exposed, GBP/USD needs a more bigger move as proof of a breakdown.
In case if price breaks through the support, the resulting move could predict a further move down.
A bearish push down to the 1.248 zone looks possible as bears looking for profit.
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GBP/USD