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.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
LONG
May 17
There is a descending triangle developing, the price is ready to break out.
If price breaks above resistance, the move could predict the bears have run out of steam.
A bullish move towards the 1.268 zone is a possibility as bulls lurking in demand zone.
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: Descending Channel
GBP/USD,
1 hour
LONG
Aug 15
There is a descending channel materializing.
A descending channel represents a specific bullish price signal that can be used to signal a countertrend succeeding the current trend if price breaks above resistance.
There is a possibility of a move to 1.286 on a breakout of the descending channel.
GBP/USD: Symmetrical Triangle
GBP/USD,
4 hours
LONG
May 13
As we can see GBP/USD gives a symmetrical triangle, the price is ready to break out now.
A symmetrical triangle is said to depict a reliable bullish chart signal that is used to indicate an extension in the upward direction in case if price breaks above resistance.
There is a possibility of a bullish move to 1.254 on a upside break as bulls looking for profit.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Jun 26
The price establishes an ascending channel and the price is close to breaking out.
An ascending channel describes a pattern that can be used to indicate that the price to go down in case if price breaks through the support.
GBP/USD looks for a setback towards 1.267 as GBP/USD failes to keep gains.
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: 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