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GBP/USD

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GBP/USD: Rising Wedge

GBP/USD, 4 hours    SHORT 4 days ago
As we can see the price gives a rising wedge. A rising wedge is a bearish chart signal that indicates an extension in the downward direction in case if price breaks below support. It is possible that a bearish run towards 1.375 will take place on a break below 1.381.

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: Descending Triangle

GBP/USD, 1 hour    LONG Jul 9
We can see that a descending triangle emerges and the price is ready to break out soon. A descending triangle can be thought of as a compelling price action indicator that typically identifies that prices are likely to keep rallying upward when price breaks out. There is a probability of a rangebound towards the 1.381 level as GBP/USD challenges 1.3795 hurdle.

GBP/USD: Rising Wedge

GBP/USD, 1 hour    SHORT 6 days ago
We can see that a rising wedge happens, the price is about to break out. A rising wedge describes a reliable bearish price signal that often predicts a next move down if price breaks down. GBP/USD targets a move to 1.383.

GBP/USD: Symmetrical Triangle

GBP/USD, 1 hour    SHORT 3 days ago
A symmetrical triangle comes out. A symmetrical triangle is a price signal that is used to signal the more likely potential of falling prices when price breaks out to the the downside. GBP/USD risks a move towards 1.378 while lower than 1.3785.

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: Descending Triangle

GBP/USD, 1 hour    SHORT Aug 17
There is a descending triangle happening and the price wants a next active bearish move as a clue of a breakdown. A descending triangle describes a specific chart indicator that can be used to predict a sharp decline if price breaks below support. GBP/USD is at risk of resuming its decline towards 1.382 while below 1.383.

GBP/USD: Bearish Flag

GBP/USD, 1 hour    SHORT Aug 19
A bearish flag is close to completion and GBP/USD calls for a steady bearish move as a signal of a breakdown. A bearish flag represents a specific bearish price action indicator that can be used to indicate that the price to go short once price breakdown occurs. A bearish continuation towards the 1.374 level looks likely.

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: Rectangle

GBP/USD, 1 hour    LONG Aug 23
There is a rectangle spotted. A rectangle depicts a specific bullish price indicator that is used to signal an extension in the upward direction once price breaks through the resistance. A bullish move towards 1.366 stays on the cards as door open for a test of 1.366.

GBP/USD: Bearish Rectangle

GBP/USD, 1 hour    SHORT Aug 19
GBP/USD sets up a bearish rectangle. In case if price breaks out to the the downside, the move could signal a next move down. There is a probability of corrective downside towards 1.372 on a breach of 1.3724 amid the currency pair recedes from recent highs.

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.
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