We can see that the price establishes a rectangle, the price expects bigger fall as an information of a breakout.
A rectangle identifies extending an downtrend if price breaks down.
GBP/USD to accomodate towards 1.37 as GBP/USD becomes vulnerable.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Jul 2
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: Rising Wedge
GBP/USD,
4 hours
SHORT
Jun 30
There is a rising wedge appearing, the price requests a next steady bearish continuation as evidence of a breakout.
If price breakdown occurs, the resulting move could identify a sharp decline.
GBP/USD risks a correction towards the 1.36 level.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Jul 1
There is an ascending channel emerging.
An ascending channel describes a useful price indicator that is used to predict a countertrend succeeding the current trend once price breaks through the support.
GBP/USD to continue lower towards the 1.37 mark.
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: Ascending Channel
GBP/USD,
1 hour
SHORT
Jan 31
It looks like an ascending channel has been identified.
When price breaks through the support, the move could identify a next move down.
It is likely that corrective downside to the 1.24 level will happen on a breakdown of the ascending channel.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Aug 1
There is an ascending channel materializing and GBP/USD calls for a bigger move for the certainty of breakout.
In case if price breakdown occurs, the move could indicate a bearish price action.
It is possible that a bearish push down to 1.283 will take place.
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GBP/USD