A descending channel develops, the price is going to break out.
If price breaks through the resistance, the move could spot a move up.
It is possible that a bullish price action to the 1.296 zone will be made as GBP/USD is at a brink of a bullish breakout.
GBP/USD: Bearish Rectangle
GBP/USD,
1 hour
SHORT
Apr 12
As we can see the price forms a bearish rectangle, GBP/USD wants a next bearish action for clear breakout confirmation.
A bearish rectangle is believed to be a technical bearish price pattern that predicts prices are likely to keep falling downward if price breaks out to the the downside.
Decline towards 1.25 looks likely while lower than 1.2515.
GBP/USD: Bearish Flag
GBP/USD,
1 hour
SHORT
Sep 20
There is a bearish flag revealed, the price is breaking out.
A bearish flag can be thought of as a technical bearish price action pattern with an upward bias that predicts a bearish price move in case if price breaks out.
A bearish move towards 1.237 is on the cards.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Mar 20
It looks like an ascending channel is almost done.
An ascending channel provides a useful bearish chart pattern that indicates that the price to go short if price collapses through the support line.
A further bearish push down to 1.296 is probable while below 1.297.
GBP/USD: Ascending Triangle
GBP/USD,
1 day
LONG
Feb 14
An ascending triangle has been diagnosed.
An ascending triangle is said to depict a specific bullish price formation that spots a sharp rise in case if price breaks out.
GBP/USD to have better chances of advancing towards 1.26 as the currency pair becomes bid.
GBP/USD: Falling Wedge
GBP/USD,
4 hours
LONG
Dec 12
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: Descending Channel
GBP/USD,
1 hour
LONG
3 days ago
There is a descending channel poping up, the price is ready to break out soon.
A descending channel denotes a reliable bullish chart formation that has a downward slope that results in that the price will rally further once price breaks out.
GBP/USD dives out bearish trendline to 1.29 on a break above 1.289.
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: Ascending Channel
GBP/USD,
1 hour
SHORT
Dec 18
There is an ascending channel distinguished, the price calls for a steady bearish continuation for the certainty of breakdown.
An ascending channel is considered to be a specific chart signal that can be used to indicate a bearish price move once price breaks below support.
It is possible that extra downside towards 1.269 will be made while lower than 1.2696 as GBP/USD becomes weak.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Jan 31
It looks like an ascending channel has been identified.
When price breaks through the support, the move could identify a next move down.
It is likely that corrective downside to the 1.24 level will happen on a breakdown of the ascending channel.
GBP/USD: Descending Channel
GBP/USD,
1 day
LONG
Jan 28
GBP/USD completes a descending channel and the price expects a next active move for clear breakout confirmation.
A descending channel is said to depict a specific bullish price pattern that often predicts a further move up in case if price breaks out.
GBP/USD looks ready to further extend its gains to 1.26 once above 1.25.
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GBP/USD