There is a rectangle spotted, the price is breaking out.
A rectangle is considered to be a chart signal that predicts a bullish price action if price breaks out to the the upside.
It is likely that a bullish price action towards 1.324 will form.
GBP/USD: Rectangle
GBP/USD,
1 hour
SHORT
Jul 2
We can see that the price establishes a rectangle, the price expects bigger fall as an information of a breakout.
A rectangle identifies extending an downtrend if price breaks down.
GBP/USD to accomodate towards 1.37 as GBP/USD becomes vulnerable.
GBP/USD: Descending Channel
GBP/USD,
1 day
LONG
Nov 14
A descending channel is almost finished.
A descending channel represents a technical chart signal that can be used to indicate a pause in a downtrending market if price breaks out.
A rangebound to 1.32 is going to happen on a breakout of the descending channel.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Jul 2
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Oct 20
As we can see a rising wedge is very close to being completed, the price is breaking out.
A rising wedge spots that the price to go short once price breaks below support.
Gbpusd turns lower to 1.34 on a breach of 1.343 as sell-off may continue.
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: Rectangle
GBP/USD,
1 hour
LONG
44 hours ago
A rectangle is revealed, gbpusd requires a more bigger move as an information of a breakout.
A rectangle is considered to be a pattern that results in that the price to go up in case if price breaks through the resistance.
It is not ruled out that a rangebound towards 1.326 will be made while above 1.325.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Jun 30
There is a rising wedge appearing, the price requests a next steady bearish continuation as evidence of a breakout.
If price breakdown occurs, the resulting move could identify a sharp decline.
GBP/USD risks a correction towards the 1.36 level.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Jul 1
There is an ascending channel emerging.
An ascending channel describes a useful price indicator that is used to predict a countertrend succeeding the current trend once price breaks through the support.
GBP/USD to continue lower towards the 1.37 mark.
GBP/USD: Descending Channel
GBP/USD,
1 day
LONG
Nov 26
It looks like a descending channel occurs and the price is about to break out.
When price breaks out to the the upside, the move could predict a break during a downtrending market.
A bullish continuation to the 1.32 mark looks probable.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
2 days ago
There is a descending channel poping up.
A descending channel tends to be a reliable bullish price pattern that can be used to signal an extension in the upward direction when price breaks through the resistance.
Gbpusd turns higher to 1.324 while above 1.3215.
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GBP/USD