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: Ascending Channel
GBP/USD,
1 hour
SHORT
23 hours ago
An ascending channel is uncovered.
An ascending channel identifies a reliable indicator that typically signals a temporary interruption of an existing trend if price breaks through the support.
It is not ruled out that a bearish price action to the 1.332 mark will happen.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Jun 30
A descending channel materializes, the price needs a strong move to confirm descending channel breakout.
A descending channel tends to be a technical bullish chart signal that often predicts a bullish move if price breaks above resistance.
There is a probability of a bullish continuation to 1.374 on a breach of 1.3735 as minor hurdle remains at 1.3735.
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: Descending Channel
GBP/USD,
1 hour
LONG
Jun 30
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Apr 22
We can see that an ascending channel comes out.
An ascending channel tends to be a useful formation that is used to spot a bearish move in case if price breaks out to the the downside.
It is likely that a bearish move to 1.336 will take place.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
LONG
Apr 2
A descending triangle is very close to being finished.
Once price breaks through the resistance, the resulting move could spot extending an uptrend.
GBP/USD to continue the appreciation trend towards 1.293 on a break above 1.2924.
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.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Oct 12
As we can see the price shapes a descending channel, gbpusd requires a next bigger move to confirm a breakout.
A descending channel typically signals a break in the price direction if price breaks above resistance.
Gbpusd turns bullish towards 1.34 while above 1.335.
GBP/USD: Pennant
GBP/USD,
1 hour
SHORT
Dec 12
It looks like a pennant arises, GBP/USD lacks a more active move as a verification of a breakdown.
Once price breaks out, the resulting move could signal the bulls have run out of steam.
It is likely that a bearish price action to the 1.274 mark will take place on a breach of 1.275.
GBP/USD: Rectangle
GBP/USD,
1 hour
LONG
Aug 29
A rectangle turns up.
A rectangle results in a next move up once price breaks through the resistance.
It is possible that a bullish push up towards 1.264 will be made.
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GBP/USD