As we can see a falling wedge pops up, GBP/USD wants a steady move as a verification of a breakout.
When price breaks out to the the upside, the resulting move could spot a further move up.
GBP/USD does not rule out a move to the 1.26 mark on a upside break.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
LONG
May 30
A descending triangle pops up and the price breaks out.
A descending triangle describes a specific bullish chart formation that typically signals extending an uptrend in case if price breaks out.
It is not ruled out that a bullish continuation to 1.236 will occur.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Oct 11
As we can see a descending channel pops up and the price asks for an active move as an information of a breakout.
A descending channel can be thought of as a reliable bullish signal that is used to identify that the price to go up if price breaks above resistance.
GBP/USD challenges a move towards the 1.31 mark while above 1.308.
GBP/USD: Rectangle
GBP/USD,
1 hour
SHORT
Aug 10
The price shows a rectangle and the price breaks out soon.
A rectangle is a technical bearish signal that often identifies a bearish move if price breaks out to the the downside.
GBP/USD to extend the correction lower to 1.27.
GBP/USD: Bearish Flag
GBP/USD,
1 hour
SHORT
Sep 20
A bearish flag is close to being finished, the price calls for a further bigger move as a clue of a breakdown.
A bearish flag is said to depict a compelling chart indicator that is used to indicate a trend change to the downside if price breakdown occurs.
GBP/USD risks extra downside to the 1.234 mark.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Oct 1
It seems like a rising wedge has been noticed.
If price collapses through the support line, the move could predict that prices move counter to the prevailing price trend.
GBP/USD to turn bearish to the 1.33 mark.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Aug 22
A rising wedge comes out and the price is ready to break out.
A rising wedge provides a bearish indicator that results in that prices move counter to the prevailing price trend if price breaks out.
GBP/USD to maintain its negative tone towards 1.274 as the currency pair becomes vulnerable.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Jan 26
There is an ascending channel identified, GBP/USD calls for a more move as an information of a breakout.
An ascending channel depicts a compelling bearish price action formation that can be used to signal a temporary interruption of an existing trend once price breakdown occurs.
There is a probability of a further bearish move to 1.268.
GBP/USD: Rising Wedge
GBP/USD,
1 hour
SHORT
Jun 13
We can see that a rising wedge appears, the price requests more steady push down as evidence of a breakout.
When price breaks out, the move could indicate a bearish price move.
There is a probability of decline to 1.276 while below 1.277 as extra rangebound not ruled out.
GBP/USD: Rectangle
GBP/USD,
1 hour
LONG
Apr 27
There is a rectangle emerging.
A rectangle often predicts that the price will rally further once price breaks out.
GBP/USD is bullish and en route to the 1.252 mark.
GBP/USD: Pennant
GBP/USD,
1 hour
SHORT
Jan 2
As we can see a pennant appears.
A pennant depicts a specific bearish pattern that spots an extension in the downward direction once price breaks out.
It is not ruled out that decline towards the 1.27 zone will happen.
GBP/USD: Ascending Triangle
GBP/USD,
4 hours
LONG
Jul 6
As we can see an ascending triangle has been detected.
An ascending triangle often indicates an extension in the upward direction in case if price breaks above resistance.
GBP/USD now looks to the 1.274 zone as GBP/USD is at a brink of a bullish breakout.
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GBP/USD