There is an ascending channel arising.
An ascending channel often results in a bearish price action once price breaks down.
GBP/USD challenges a move to 1.26 on a breakout of the ascending channel.
GBP/USD: Ascending Channel
GBP/USD,
1 day
SHORT
Apr 2
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
3 days ago
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: Descending Channel
GBP/USD,
4 hours
LONG
3 days ago
There is a descending channel coming out, the price requires a bullish impulse for the certainty of breakout.
A descending channel typically indicates a bullish price action when price breaks through the resistance.
GBP/USD to move upward to the 1.25 mark on a breakout of the descending channel as GBP/USD looks bid.
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: 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: 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.
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GBP/USD