There is a falling wedge noticed and GBP/USD needs a next move as an information of a breakout.
A falling wedge results in a countertrend succeeding the current trend once price breaks out.
GBP/USD to strengthen to 1.26.
GBP/USD: Descending Channel
GBP/USD,
1 day
LONG
Feb 23
There is a descending channel noticed and the price is close to breaking out now.
A descending channel provides a specific pattern that is angled down that can be used to spot a breakout higher if price breaks out to the the upside.
GBP/USD to recover bullish potential towards the 1.27 zone once above 1.264 as GBP/USD becomes bullish.
GBP/USD: Bearish Flag
GBP/USD,
1 hour
SHORT
Mar 27
GBP/USD gives a bearish flag, GBP/USD wants more push down as an information of a breakdown.
A bearish flag represents a specific bearish signal that can be used to signal a further move down in case if price breaks out to the the downside.
GBP/USD to slump towards the 1.2615 zone on a break below 1.2618.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Dec 13
A descending channel has been exposed and GBP/USD demands a bigger move to confirm descending channel breakout.
A descending channel denotes a technical indicator that is used to identify a temporary interruption during a falling market when price breaks above resistance.
GBP/USD to move upward towards the 1.258 level on impulse above 1.256.
GBP/USD: Bearish Flag
GBP/USD,
4 hours
SHORT
Jan 11
GBP/USD sets up a bearish flag.
A bearish flag suggests a useful bearish pattern that typically identifies extending an downtrend if price breaks through the support.
GBP/USD could extend its slump to the 1.265 zone.
GBP/USD: Rectangle
GBP/USD,
4 hours
LONG
Mar 5
There is a rectangle noticed and GBP/USD expects a further active move as evidence of a breakout.
A rectangle is considered to be a useful price formation that is used to predict a next move up when price breaks out to the the upside.
It is possible that a further bullish run to the 1.272 zone will form.
GBP/USD: Falling Wedge
GBP/USD,
4 hours
LONG
Dec 11
As we can see a falling wedge pops up, GBP/USD wants a steady move as a verification of a breakout.
When price breaks out to the the upside, the resulting move could spot a further move up.
GBP/USD does not rule out a move to the 1.26 mark on a upside break.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
LONG
May 30
A descending triangle pops up and the price breaks out.
A descending triangle describes a specific bullish chart formation that typically signals extending an uptrend in case if price breaks out.
It is not ruled out that a bullish continuation to 1.236 will occur.
GBP/USD: Rectangle
GBP/USD,
1 hour
SHORT
Aug 10
The price shows a rectangle and the price breaks out soon.
A rectangle is a technical bearish signal that often identifies a bearish move if price breaks out to the the downside.
GBP/USD to extend the correction lower to 1.27.
GBP/USD: Bearish Flag
GBP/USD,
1 hour
SHORT
Sep 20
A bearish flag is close to being finished, the price calls for a further bigger move as a clue of a breakdown.
A bearish flag is said to depict a compelling chart indicator that is used to indicate a trend change to the downside if price breakdown occurs.
GBP/USD risks extra downside to the 1.234 mark.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Aug 22
A rising wedge comes out and the price is ready to break out.
A rising wedge provides a bearish indicator that results in that prices move counter to the prevailing price trend if price breaks out.
GBP/USD to maintain its negative tone towards 1.274 as the currency pair becomes vulnerable.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Jan 26
There is an ascending channel identified, GBP/USD calls for a more move as an information of a breakout.
An ascending channel depicts a compelling bearish price action formation that can be used to signal a temporary interruption of an existing trend once price breakdown occurs.
There is a probability of a further bearish move to 1.268.
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GBP/USD