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GBP/USD

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GBP/USD: Rectangle

GBP/USD, 1 hour    SHORT 10 hours ago
There is a rectangle discovered. Once price breakdown occurs, the move could indicate prices are likely to keep falling downward. It is possible that corrective downside to 1.272 will form while lower than 1.2722.

GBP/USD: Descending Channel

GBP/USD, 1 day    LONG Feb 23

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.

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: Rising Wedge

GBP/USD, 1 hour    SHORT 5 days ago
It looks like a rising wedge has been found and the price demands bigger pullback as proof of a breakout. A rising wedge results in a move down in case if price collapses through the support line. GBP/USD to experience further corrective weakness to 1.278 on a breach of 1.2785 as bearish momentum increases.

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 day    LONG Mar 5
A descending channel is almost done. A descending channel provides a useful bullish signal that results in a bullish price action in case if price breaks through the resistance. There is a chance of a further bullish continuation towards the 1.27 level.

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: Falling Wedge

GBP/USD, 4 hours    LONG Dec 11
As we can see a falling wedge pops up, GBP/USD wants a steady move as a verification of a breakout. When price breaks out to the the upside, the resulting move could spot a further move up. GBP/USD does not rule out a move to the 1.26 mark on a upside break.

GBP/USD: Descending Triangle

GBP/USD, 1 hour    LONG May 30
A descending triangle pops up and the price breaks out. A descending triangle describes a specific bullish chart formation that typically signals extending an uptrend in case if price breaks out. It is not ruled out that a bullish continuation to 1.236 will occur.
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