Open:
High:
Low:
Close:
RECTANGLE
GBP/USD
4H
A rectangle is determined, the price is ready to break out.
In case if price breaks out to the the upside, the resulting move could identify the bears have run out of steam.
There is a possibility of a rangebound to the 1.358 zone.
RISING WEDGE
GBP/USD
1H
A rising wedge forms and gbpusd requires a steady bearish continuation to confirm rising wedge breakdown.
When price collapses through the support line, the move could predict a bearish move.
There is a probability of a bearish price action to the 1.354 zone while below 1.3548 as door open for a test of 1.354.
RISING WEDGE
GBP/USD
4H
A rising wedge occurs, the price is about to break out.
A rising wedge typically predicts extending an downtrend in case if price breaks out.
Gbpusd looks south to 1.352 on a breakout of the rising wedge as bears look for entries.
ASCENDING TRIANGLE
GBP/USD
1H
There is an ascending triangle determined, the price expects a next steady move as proof of a breakout.
An ascending triangle is believed to be a bullish price pattern that predicts a sharp rise in case if price breaks above resistance.
It is not ruled out that a bullish price action towards the 1.356 mark will take place.
ASCENDING TRIANGLE
GBP/USD
4H
There is an ascending triangle materializing, the price requires a more bigger move as proof of a breakout.
An ascending triangle denotes a useful bullish price signal that can be used to predict the bears have run out of steam in case if price breaks out to the the upside.
A bullish continuation to 1.356 looks possible.
RISING WEDGE
GBP/USD
1H
There is a rising wedge found and the price breaks out.
In case if price breaks below support, the move could predict that the price to go short.
Gbpusd to slump to 1.353 as extra rangebound not ruled out.
ASCENDING CHANNEL
GBP/USD
1H
There is an ascending channel encountered and the price needs a bigger move as an indication of a breakout.
An ascending channel identifies a further move down when price breaks out to the the downside.
Gbpusd to nosedive towards the 1.353 zone.
PENNANT
GBP/USD
1H
As we can see a pennant is diagnosed and the price calls for a more bigger move for the certainty of breakout.
A pennant denotes a useful bullish formation that predicts a sharp rise if price breaks above resistance.
It is possible that a further bullish continuation to 1.355 will occur.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel diagnosed.
If price breaks out, the move could identify a change in price direction.
A bullish push up towards the 1.354 zone is likely to happen.
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