There is a rectangle exposed, GBP/USD expects a move for the certainty of breakout.
A rectangle is considered to be a chart indicator that identifies the bears have run out of steam once price breaks above resistance.
There is a chance of a bullish run towards 1.298 on a breach of 1.2976.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
May 9
We can see that a bullish flag arises and the price is ready to break out.
A bullish flag is believed to be a technical bullish chart formation that has a downward slope that typically indicates price heading to a new direction if price breaks above resistance.
A rangebound to 1.264 looks probable.
GBP/USD: Symmetrical Triangle
GBP/USD,
1 hour
SHORT
Apr 30
The price establishes a symmetrical triangle, GBP/USD asks for a next steady move as a clue of a breakout.
When price breaks below support, the resulting move could identify a move down.
It is not ruled out that a further bearish price action to 1.253 will occur on a breach of 1.2536.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Aug 21
It seems like a rising wedge pops up.
A rising wedge is believed to be a signal that typically spots a move down in case if price breaks out.
GBP/USD violates bullish trendline towards 1.27.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Dec 12
There is an ascending channel encountered, GBP/USD requests a next active move as a clue of a breakdown.
An ascending channel denotes a reliable bearish signal that can be used to predict a bearish price action once price breakdown occurs.
It is not ruled out that a bearish run towards 1.253 will be made on a breakout of the ascending channel as upside pressure alleviates.
GBP/USD: Bullish Flag
GBP/USD,
4 hours
LONG
Mar 4
It looks like a bullish flag is distinguished and GBP/USD demands a move to confirm a breakout.
A bullish flag can be thought of as a useful price pattern with a downward bias that can be used to identify that the price to go long once price breaks out to the the upside.
A further move towards 1.268 is on the way.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Oct 16
There is an ascending channel determined and GBP/USD calls for an active move as an indication of a breakdown.
An ascending channel typically results in an upward trend is nearing its end once price breaks down.
It is possible that a bearish push down to 1.304 will happen on a breach of 1.3065.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
SHORT
Nov 15
There is an ascending triangle distinguished, the price asks for a further active move as an indication of a breakdown.
Once price breakdown occurs, the move could predict an extension in the downward direction.
GBP/USD challenges a move to 1.264 on a breach of 1.2665.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Apr 23
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
Mar 22
It seems like a bullish flag is close to being finished, GBP/USD calls for a bit more consolidation as a signal of a breakout.
When price breaks through the resistance, the move could spot a bullish price action.
GBP/USD to peak to 1.224 on a breach of 1.2225 as extra rangebound not ruled out.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Dec 27
As we can see a descending channel is nearing completion.
A descending channel identifies a bullish chart signal that spots a next move up if price breaks above resistance.
There is a probability of a move to 1.255.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
LONG
Nov 28
An ascending triangle is close to being completed, the price is going to break out soon.
An ascending triangle provides a specific bullish price indicator that can be used to predict a bullish price move in case if price breaks through the resistance.
GBP/USD tests a move to 1.265.
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GBP/USD