Open:
High:
Low:
Close:
DESCENDING CHANNEL
GBP/USD
1H
As we can see a descending channel is distinguished, the price demands a more move for clear breakout confirmation.
A descending channel represents a pattern that is used to signal a next move up if price breaks above resistance.
Gbpusd turns bullish to 1.348 as there is room for a upside correction.
BULLISH FLAG
GBP/USD
4H
As we can see a bullish flag turns up.
A bullish flag identifies a bullish price move once price breaks out to the the upside.
Gbpusd to continue higher towards 1.35 once above 1.3495.
RECTANGLE
GBP/USD
1H
A rectangle is found and gbpusd expects a more active move as a verification of a breakout.
A rectangle predicts extending an downtrend once price breakdown occurs.
Gbpusd is bearish and en route to the 1.343 level on a break below 1.3435.
ASCENDING CHANNEL
GBP/USD
1H
We can see that gbpusd shows an ascending channel, the price is ready to break out now.
In case if price breaks down, the resulting move could spot price heading to a new direction.
Gbpusd is bearish and en route to 1.342 on a breakdown of the ascending channel.
RISING WEDGE
GBP/USD
1H
It looks like a rising wedge turns up and the price is about to break out.
Once price breaks down, the move could predict a move down.
Gbpusd is bearish and en route towards the 1.346 mark.
BULLISH FLAG
GBP/USD
4H
There is a bullish flag developing, gbpusd needs a more bigger bullish action to confirm a breakout.
A bullish flag provides a chart formation that results in a bullish price move if price breaks out.
Gbpusd to surge considerably towards 1.35 as minor hurdle remains at 1.349.
DESCENDING CHANNEL
GBP/USD
1H
Gbpusd composes a descending channel and the price needs a next move for clear breakout confirmation.
A descending channel identifies a formation that is angled down that indicates a bullish price action once price breaks out to the the upside.
There is a possibility of a bullish continuation to the 1.348 zone on a breach of 1.346.
ASCENDING CHANNEL
GBP/USD
1H
An ascending channel is discovered, the price expects a steady move as a clue of a breakout.
An ascending channel provides a price action signal that typically results in a change in the prevailing trend if price breakdown occurs.
Gbpusd turns lower towards 1.348.
PENNANT
GBP/USD
4H
The price forms a pennant, gbpusd lacks a bigger correction as an information of a breakdown.
A pennant is said to depict a pattern that can be used to signal the bulls have run out of steam when price collapses through the support line.
There is a probability of a bearish push down to the 1.348 level once below 1.3485.
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