It looks like an ascending channel is almost done.
An ascending channel provides a useful bearish chart pattern that indicates that the price to go short if price collapses through the support line.
A further bearish push down to 1.296 is probable while below 1.297.
GBP/USD: Ascending Triangle
GBP/USD,
1 day
LONG
Feb 14
An ascending triangle has been diagnosed.
An ascending triangle is said to depict a specific bullish price formation that spots a sharp rise in case if price breaks out.
GBP/USD to have better chances of advancing towards 1.26 as the currency pair becomes bid.
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: 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: Descending Channel
GBP/USD,
4 hours
LONG
Mar 3
A descending channel arises and the price is ready to break out.
A descending channel typically indicates a sharp rise once price breaks out.
A bullish run to 1.27 is not ruled out once above 1.269 as downside pressure alleviates.
GBP/USD: Ascending Triangle
GBP/USD,
4 hours
SHORT
2 days ago
GBP/USD gives an ascending triangle.
An ascending triangle often signals the more likely potential of falling prices in case if price breaks below support.
It is not ruled out that extra downside to the 1.294 mark will form on a breakout of the ascending triangle.
GBP/USD: Descending Channel
GBP/USD,
1 day
LONG
Jan 28
GBP/USD completes a descending channel and the price expects a next active move for clear breakout confirmation.
A descending channel is said to depict a specific bullish price pattern that often predicts a further move up in case if price breaks out.
GBP/USD looks ready to further extend its gains to 1.26 once above 1.25.
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: Ascending Channel
GBP/USD,
1 hour
SHORT
Dec 18
There is an ascending channel distinguished, the price calls for a steady bearish continuation for the certainty of breakdown.
An ascending channel is considered to be a specific chart signal that can be used to indicate a bearish price move once price breaks below support.
It is possible that extra downside towards 1.269 will be made while lower than 1.2696 as GBP/USD becomes weak.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Mar 3
There is a descending channel turning up and the price is close to breaking out.
A descending channel identifies a useful price action formation that has a downward slope that is used to predict a bullish price move if price breaks through the resistance.
There is a possibility of a bullish move to the 1.268 zone on impulse above 1.267.
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GBP/USD