There is a bullish flag poping up, GBP/USD asks for a strong move as proof of a breakout.
A bullish flag typically signals the more likely potential of rising prices in case if price breaks above resistance.
It is likely that a bullish run towards the 1.398 zone will occur on a breach of 1.394.
GBP/USD: Rising Wedge
GBP/USD,
1 day
SHORT
Jun 10
It looks like the price composes a rising wedge, GBP/USD requests a move as a clue of a breakout.
If price breaks below support, the resulting move could predict a temporary interruption during a rising market.
GBP/USD targets a move to 1.39.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
May 7
It seems like a bullish flag is almost completed and the price is close to breaking out now.
A bullish flag often identifies a bullish price move when price breaks above resistance.
A move to the 1.394 zone about to be made.
GBP/USD: Ascending Triangle
GBP/USD,
4 hours
SHORT
Jun 14
There is an ascending triangle happening, the price is breaking out.
Once price breaks out, the move could identify a further move down.
There is a probability of extra downside towards 1.406 once below 1.409.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
May 12
An ascending channel comes out and the price is close to breaking out.
Once price breaks below support, the resulting move could identify price reversal after a pause.
GBP/USD to turn bearish to the 1.411 mark on a breach of 1.412.
GBP/USD: Rising Wedge
GBP/USD,
1 day
SHORT
May 27
There is a rising wedge forming, the price breaks out soon.
A rising wedge results in a further move down if price breaks out to the the downside.
GBP/USD points to the downside towards the 1.39 mark on a breakout of the rising wedge.
GBP/USD: Pennant
GBP/USD,
1 hour
SHORT
Apr 29
It seems like GBP/USD shows a pennant.
A pennant tends to be a technical indicator that is used to identify that the price to go short if price breaks down.
GBP/USD pulls away from recent highs towards 1.39.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
May 5
There is a descending channel detected, the price is ready to break out soon.
A descending channel represents a price signal that often predicts a change in price direction once price breaks above resistance.
A bullish move to the 1.4 level stays on the cards on a breach of 1.392 as indicators turn bullish.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
May 7
We can see that GBP/USD sets up a descending channel.
A descending channel depicts a compelling price formation that can be used to predict a trend change to the upside if price breaks above resistance.
GBP/USD advances higher to 1.394.
GBP/USD: Symmetrical Triangle
GBP/USD,
4 hours
LONG
May 5
A symmetrical triangle is very close to being finished, GBP/USD asks for a more impulse up to confirm a breakout.
A symmetrical triangle describes a reliable price action pattern that is used to indicate a bullish price move when price breaks out.
There is a possibility of a bullish push up to the 1.4 mark as GBP/USD becomes bid.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
6 days ago
We can see that an ascending channel is recognized and GBP/USD wants a more impulse down for clear breakout confirmation.
An ascending channel is said to depict a reliable bearish price pattern that is angled up that often identifies a temporary interruption during a rising market if price breaks through the support.
GBP/USD is bearish and en route towards 1.404 while below 1.408.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
SHORT
May 12
A descending triangle pops up, GBP/USD requests a steady move as a sign of a breakdown.
A descending triangle often indicates the bulls have run out of steam once price collapses through the support line.
GBP/USD turns lower to the 1.408 zone as door open for the continuation of the downtrend.
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GBP/USD