There is an ascending triangle exposed, GBP/USD needs a more bigger move as proof of a breakdown.
In case if price breaks through the support, the resulting move could predict a further move down.
A bearish push down to the 1.248 zone looks possible as bears looking for profit.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
Dec 19
GBP/USD shows a bullish flag.
A bullish flag spots a bearish-to-bullish trend reversal when price breaks out to the the upside.
GBP/USD does not rule out a move to 1.27 once beyond 1.266.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Feb 13
We can see that an ascending channel is close to being done, the price breaks out soon.
If price breaks down, the resulting move could signal a temporary interruption during a rising market.
GBP/USD to resume its downfall towards 1.26 while lower than 1.261 as downtrend may continue.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
May 8
It looks like a rising wedge emerges, the price requires an active correction as proof of a breakout.
A rising wedge is a useful formation with an upward bias that is used to indicate a bullish-to-bearish trend reversal in case if price breaks through the support.
GBP/USD risks extra losses towards 1.26 as bears looking for profit.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
SHORT
Mar 23
It seems like an ascending triangle is almost finished, the price needs a move to confirm ascending triangle breakdown.
An ascending triangle is said to depict a reliable pattern that can be used to identify a further move down once price breaks below support.
GBP/USD now looks to 1.226 amid rising bets for the move.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
Jun 21
A bullish flag is encountered and the price is ready to break out now.
When price breaks out, the move could signal a downward trend is nearing its end.
There is a possibility of a bullish continuation towards the 1.28 zone.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
May 11
We can see that an ascending channel is very close to being completed and the price is going to break out now.
An ascending channel indicates an upward trend is nearing its end when price breaks out to the the downside.
GBP/USD to suffer further downside towards 1.26 on impulse below 1.262.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Jan 19
A descending channel comes out.
When price breaks out to the the upside, the move could signal a bullish price action.
GBP/USD to strengthen to 1.275 on a breakout of the descending channel.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
LONG
Nov 17
It seems like a descending triangle turns up, GBP/USD calls for a next active impulse up as proof of a breakout.
In case if price breaks out, the move could identify a further move up.
A further bullish run towards the 1.242 mark is a possibility as the mood may improve.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Mar 30
A descending channel is almost done.
A descending channel tends to be a technical price action indicator that results in an interruption of a downtrend in case if price breaks through the resistance.
GBP/USD to surge considerably to 1.233.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Sep 1
The price builds an ascending channel and GBP/USD requests a further impulse down to confirm a breakout.
An ascending channel is considered to be a bearish price action signal that is used to spot a bearish move when price breakdown occurs.
There is a probability of a bearish move towards the 1.255 zone on a breakout of the ascending channel as GBP/USD becomes bearish.
GBP/USD: Descending Channel
GBP/USD,
1 day
LONG
Oct 24
We can see that the price shows a descending channel, the price calls for a more steady impulse up to confirm a breakout.
A descending channel signals a further move up if price breaks through the resistance.
A further bullish move to the 1.23 zone is going to happen on a breach of 1.224.
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GBP/USD