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GBP/USD

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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, 1 day    LONG May 14
There is a descending channel noticed. A descending channel often predicts a break in the price direction when price breaks above resistance. GBP/USD to continue higher towards 1.26 on a breach of 1.256 amid rising bets for the move.

GBP/USD: Ascending Channel

GBP/USD, 1 day    SHORT Mar 22
There is an ascending channel arising. An ascending channel often results in a bearish price action once price breaks down. GBP/USD challenges a move to 1.26 on a breakout of the ascending channel.

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: Descending Channel

GBP/USD, 1 day    LONG May 4
The price shows a descending channel, GBP/USD wants a next active move for the certainty of breakout. A descending channel can be thought of as a reliable bullish price action signal that often spots a bullish move if price breaks out to the the upside. GBP/USD to have better chances of advancing towards 1.26 once beyond 1.256 amid GBP/USD recovers from recent lows.

GBP/USD: Ascending Channel

GBP/USD, 1 day    SHORT Apr 2

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: 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.
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