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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GBP/USD