As we can see GBP/USD creates a rising wedge, GBP/USD lacks a bigger move as a verification of a breakout.
A rising wedge is considered to be a price pattern that often signals price reversal after a pause once price breaks through the support.
A bearish move towards 1.268 is on the way.
GBP/USD: Rising Wedge
GBP/USD,
1 hour
SHORT
Apr 14
There is a rising wedge poping up, the price is about to break out soon.
A rising wedge identifies a compelling signal that can be used to signal a pause in an uptrending market once price breaks out to the the downside.
It is likely that a bearish move to the 1.253 zone will take place as door open for the continuation of the downtrend.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Sep 11
There is a descending channel arising, the price requires a bit more consolidation for clear breakout confirmation.
Once price breaks above resistance, the resulting move could spot a bullish move.
There is a chance of a move to the 1.25 mark as downside pressure mitigates.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Sep 28
It looks like a descending channel is very close to being finished.
A descending channel identifies a bullish price formation that has a downward slope that indicates a bullish price action when price breaks through the resistance.
GBP/USD to head to 1.215.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Dec 1
An ascending channel has been revealed.
An ascending channel represents a technical pattern that typically spots that the price to go down if price breaks out.
A further bearish continuation to 1.25 looks possible.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
SHORT
Mar 7
We can see that GBP/USD shapes an ascending triangle.
An ascending triangle spots extending an downtrend once price breaks through the support.
It is possible that a further bearish move to the 1.202 level will take place on a breach of 1.203 as upside pressure alleviates.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Aug 22
There is an ascending channel distinguished.
When price breaks down, the resulting move could predict an extension in the downward direction.
There is a chance of a bearish move towards the 1.272 zone on a breach of 1.273.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
LONG
3 days ago
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
Jun 7
It seems like a bullish flag is almost completed, the price is about to break out now.
A bullish flag denotes a reliable chart signal that is used to indicate price heading to a new direction when price breaks above resistance.
It is likely that a move to 1.243 will form.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
May 30
The price sets up a descending channel and the price wants a further strong move to confirm descending channel breakout.
A descending channel is a bullish chart indicator that can be used to indicate a change in the prevailing trend in case if price breaks out.
There is a chance of a rangebound towards the 1.245 mark on impulse above 1.239.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Oct 12
It looks like an ascending channel occurs and the price demands more bigger pullback as an indication of a breakdown.
An ascending channel identifies a reliable indicator that is used to spot a countertrend succeeding the current trend when price collapses through the support line.
There is a chance of corrective downside to the 1.228 level as sell-off may continue.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Jun 30
GBP/USD shapes a descending channel, the price is close to breaking out.
A descending channel often spots a downward trend is about to reverse into an upnward trend once price breaks above resistance.
There is a chance of a further bullish push up to the 1.264 level as there is a chance for a upside correction.
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GBP/USD