We can see that a descending channel is close to completion.
In case if price breaks through the resistance, the move could identify the more likely potential of rising prices.
GBP/USD turns higher towards 1.238 as uptrend may continue.
GBP/USD: Symmetrical Triangle
GBP/USD,
4 hours
LONG
May 13
As we can see GBP/USD gives a symmetrical triangle, the price is ready to break out now.
A symmetrical triangle is said to depict a reliable bullish chart signal that is used to indicate an extension in the upward direction in case if price breaks above resistance.
There is a possibility of a bullish move to 1.254 on a upside break as bulls looking for profit.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Aug 22
There is an ascending channel distinguished.
When price breaks down, the resulting move could predict an extension in the downward direction.
There is a chance of a bearish move towards the 1.272 zone on a breach of 1.273.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Jun 26
The price establishes an ascending channel and the price is close to breaking out.
An ascending channel describes a pattern that can be used to indicate that the price to go down in case if price breaks through the support.
GBP/USD looks for a setback towards 1.267 as GBP/USD failes to keep gains.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Dec 12
We can see that an ascending channel takes place and GBP/USD asks for more pullback to confirm ascending channel breakout.
An ascending channel often identifies a bearish move in case if price breaks out to the the downside.
GBP/USD to extend its slide towards 1.272.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Jun 2
A descending channel develops and the price wants a further move for clear breakout confirmation.
A descending channel suggests a specific bullish signal that typically spots a move up once price breaks through the resistance.
GBP/USD to push up to the 1.35 mark.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
Jun 7
It seems like a bullish flag is almost completed, the price is about to break out now.
A bullish flag denotes a reliable chart signal that is used to indicate price heading to a new direction when price breaks above resistance.
It is likely that a move to 1.243 will form.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
May 30
The price sets up a descending channel and the price wants a further strong move to confirm descending channel breakout.
A descending channel is a bullish chart indicator that can be used to indicate a change in the prevailing trend in case if price breaks out.
There is a chance of a rangebound towards the 1.245 mark on impulse above 1.239.
GBP/USD: Pennant
GBP/USD,
1 hour
SHORT
May 7
A pennant develops, the price calls for a more active move for the certainty of breakout.
In case if price breaks down, the resulting move could predict the bulls have run out of steam.
GBP/USD hints a change to the downside to 1.332.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Feb 5
We can see that the price builds an ascending channel and GBP/USD needs further fall as a verification of a breakout.
An ascending channel typically indicates extending an downtrend if price breaks out to the the downside.
GBP/USD to push down towards 1.245 as GBP/USD is at a brink of a bearish breakout.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Jun 30
GBP/USD shapes a descending channel, the price is close to breaking out.
A descending channel often spots a downward trend is about to reverse into an upnward trend once price breaks above resistance.
There is a chance of a further bullish push up to the 1.264 level as there is a chance for a upside correction.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Oct 12
It looks like an ascending channel occurs and the price demands more bigger pullback as an indication of a breakdown.
An ascending channel identifies a reliable indicator that is used to spot a countertrend succeeding the current trend when price collapses through the support line.
There is a chance of corrective downside to the 1.228 level as sell-off may continue.
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GBP/USD