GBP/USD completes a descending channel and the price expects a next active move for clear breakout confirmation.
A descending channel is said to depict a specific bullish price pattern that often predicts a further move up in case if price breaks out.
GBP/USD looks ready to further extend its gains to 1.26 once above 1.25.
GBP/USD: Rising Wedge
GBP/USD,
1 hour
SHORT
Dec 18
A rising wedge is detected, the price breaks out now.
A rising wedge denotes a useful signal that is used to signal a bearish move in case if price collapses through the support line.
A bearish continuation towards the 1.268 mark looks possible as door open for the continuation of the downtrend.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Mar 3
A descending channel arises and the price is ready to break out.
A descending channel typically indicates a sharp rise once price breaks out.
A bullish run to 1.27 is not ruled out once above 1.269 as downside pressure alleviates.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Mar 20
It looks like an ascending channel is almost done.
An ascending channel provides a useful bearish chart pattern that indicates that the price to go short if price collapses through the support line.
A further bearish push down to 1.296 is probable while below 1.297.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Dec 13
A descending channel has been exposed and GBP/USD demands a bigger move to confirm descending channel breakout.
A descending channel denotes a technical indicator that is used to identify a temporary interruption during a falling market when price breaks above resistance.
GBP/USD to move upward towards the 1.258 level on impulse above 1.256.
GBP/USD: Bearish Flag
GBP/USD,
4 hours
SHORT
Jan 11
GBP/USD sets up a bearish flag.
A bearish flag suggests a useful bearish pattern that typically identifies extending an downtrend if price breaks through the support.
GBP/USD could extend its slump to the 1.265 zone.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Mar 25
A descending channel develops, the price is going to break out.
If price breaks through the resistance, the move could spot a move up.
It is possible that a bullish price action to the 1.296 zone will be made as GBP/USD is at a brink of a bullish breakout.
GBP/USD: Rectangle
GBP/USD,
4 hours
LONG
Mar 5
There is a rectangle noticed and GBP/USD expects a further active move as evidence of a breakout.
A rectangle is considered to be a useful price formation that is used to predict a next move up when price breaks out to the the upside.
It is possible that a further bullish run to the 1.272 zone will form.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Aug 9
There is a descending channel noticed and the price expects a more steady bullish move as a clue of a breakout.
A descending channel is considered to be a specific formation that is angled down that can be used to signal a trend change to the upside when price breaks out.
There is a probability of a bullish run towards 1.28.
GBP/USD: Rectangle
GBP/USD,
1 hour
LONG
Jan 24
A rectangle occurs.
A rectangle suggests a specific price action signal that results in that the price to go long if price breaks through the resistance.
GBP/USD looks ready to further extend its gains towards the 1.24 mark.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Mar 3
There is a descending channel turning up and the price is close to breaking out.
A descending channel identifies a useful price action formation that has a downward slope that is used to predict a bullish price move if price breaks through the resistance.
There is a possibility of a bullish move to the 1.268 zone on impulse above 1.267.
GBP/USD: Falling Wedge
GBP/USD,
4 hours
LONG
Dec 11
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.
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GBP/USD