There is a descending channel recognized, the price is ready to break out.
A descending channel is believed to be a signal that results in a bullish price action once price breaks above resistance.
A move towards the 1.306 level is not ruled out as downside pressure alleviates.
GBP/USD: Falling Wedge
GBP/USD,
1 hour
LONG
Aug 27
There is a falling wedge diagnosed and the price is close to breaking out soon.
A falling wedge often results in a bullish price move in case if price breaks above resistance.
There is a probability of a rangebound to the 1.32 zone while above 1.3194.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
May 29
A descending channel is detected, the price needs an active move as an information of a breakout.
A descending channel describes a useful price indicator that often identifies a bullish price move in case if price breaks through the resistance.
It is not ruled out that a bullish continuation to 1.24 will happen on a break above 1.236.
GBP/USD: Rising Wedge
GBP/USD,
1 hour
SHORT
Jan 23
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 day
SHORT
Oct 4
There is a rising wedge turning up, GBP/USD wants an active bearish continuation as evidence of a breakout.
A rising wedge identifies a bearish price move when price breakdown occurs.
A move towards 1.31 is on the way as extra rangebound not ruled out.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
LONG
Aug 12
An ascending triangle happens and the price is about to break out soon.
In case if price breaks out, the resulting move could identify a move up.
GBP/USD to have better chances of advancing towards 1.278 once beyond 1.2772 as GBP/USD challenges 1.2772 hurdle.
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: Bearish Flag
GBP/USD,
1 hour
SHORT
Oct 18
GBP/USD develops a bearish flag.
A bearish flag represents a reliable formation that is angled up that can be used to spot an upward trend is nearing its end when price breaks through the support.
There is a possibility of a bearish continuation towards the 1.3 zone as sell-off may continue.
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: Rectangle
GBP/USD,
1 hour
SHORT
May 7
There is a rectangle detected.
A rectangle denotes a technical price signal that can be used to identify the more likely potential of falling prices once price breakdown occurs.
It is possible that corrective downside to 1.252 will occur.
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: Bullish Flag
GBP/USD,
4 hours
LONG
Sep 13
As we can see a bullish flag happens, GBP/USD requires a more active bullish move for clear breakout confirmation.
A bullish flag is said to depict an indicator that often signals a bullish price action in case if price breaks out to the the upside.
A rangebound to the 1.32 mark is likely to happen.
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GBP/USD