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GBP/USD: Rectangle

GBP/USD, 1 day    LONG Jan 1
There is a rectangle occuring and the price breaks out. A rectangle provides a reliable chart indicator that is used to spot a sharp rise once price breaks out to the the upside. GBP/USD to increase bullish potential towards the 1.36 level on a upside break as downside pressure mitigates.

GBP/USD: Falling Wedge

GBP/USD, 1 day    LONG Dec 16
There is a falling wedge turning up and the price requests a further bigger move as evidence of a breakout. A falling wedge is believed to be a technical chart pattern that is used to identify a bullish move in case if price breaks out to the the upside. A bullish move to the 1.33 level looks likely on a breach of 1.324.

GBP/USD: Bullish Flag

GBP/USD, 1 day    LONG Dec 11
There is a bullish flag exposed, GBP/USD needs a next active move as a verification of a breakout. When price breaks through the resistance, the resulting move could signal a bullish price action. GBP/USD to move up to the 1.33 level.

GBP/USD: Ascending Channel

GBP/USD, 1 hour    SHORT 3 days ago
We can see that an ascending channel is very close to being finished. An ascending channel identifies a compelling price action pattern that often identifies a further move down once price collapses through the support line. GBP/USD could recede towards the 1.36 zone.

GBP/USD: Ascending Triangle

GBP/USD, 1 hour    SHORT 3 days ago
There is an ascending triangle developing, the price is ready to break out now. In case if price collapses through the support line, the resulting move could predict an extension in the downward direction. There is a probability of a further bearish move towards the 1.361 mark.

GBP/USD: Descending Channel

GBP/USD, 1 hour    LONG 4 days ago
As we can see GBP/USD shapes a descending channel. If price breaks out, the resulting move could identify a bullish price move. A bullish push up to the 1.362 zone is not ruled out.

GBP/USD: Ascending Channel

GBP/USD, 4 hours    SHORT Jan 14
It seems like an ascending channel is almost done, the price is close to breaking out. An ascending channel tends to be a compelling bearish indicator that can be used to identify a trend change to the downside in case if price breaks out. GBP/USD hints a change to the downside to 1.365 on impulse below 1.369.

GBP/USD: Ascending Channel

GBP/USD, 1 day    SHORT Nov 5
An ascending channel develops, the price calls for a steady move as a clue of a breakdown. An ascending channel represents a specific chart pattern that typically signals a bullish-to-bearish trend reversal if price breaks out. A bearish price action to the 1.35 mark is likely.

GBP/USD: Bearish Flag

GBP/USD, 1 hour    SHORT Nov 9
A bearish flag is nearing completion. A bearish flag denotes a specific formation that often indicates that the price to go short when price collapses through the support line. GBP/USD targets a move towards 1.35.

GBP/USD: Descending Channel

GBP/USD, 1 hour    LONG Dec 29
There is a descending channel coming out. A descending channel suggests a compelling price action indicator that is used to indicate a break during a downtrending market in case if price breaks out. A bullish continuation towards 1.347 is possible on a breakout of the descending channel as risk reversal sheds bearish bias.

GBP/USD: Descending Channel

GBP/USD, 4 hours    LONG Oct 7
We can see that a descending channel is exposed, GBP/USD lacks a further steady bullish action as a sign of a breakout. A descending channel is said to depict a compelling bullish price pattern that has a downward slope that often predicts a next move up in case if price breaks through the resistance. A further bullish push up towards 1.37 looks possible.

GBP/USD: Ascending Channel

GBP/USD, 1 hour    SHORT Jan 3
There is an ascending channel exposed and the price demands a next bigger bearish move to confirm a breakout. Once price breaks down, the move could signal that the price to go down. GBP/USD pulls away from recent highs towards the 1.348 level.
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