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: Falling Wedge
GBP/USD,
1 hour
LONG
Jan 20
There is a falling wedge poping up, GBP/USD demands an active move as proof of a breakout.
When price breaks out to the the upside, the move could spot the more likely potential of rising prices.
GBP/USD could attempt a move towards 1.222 on a breakout of the falling wedge.
GBP/USD: Descending Triangle
GBP/USD,
1 hour
SHORT
Aug 15
It looks like a descending triangle is observed.
A descending triangle is considered to be a bearish price signal that often signals a sharp decline in case if price breaks below support.
GBP/USD to move downward towards the 1.282 zone on a breach of 1.2826.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
May 3
A descending channel materializes and GBP/USD lacks an active move as a verification of a breakout.
A descending channel predicts a downward trend is nearing its end in case if price breaks out.
GBP/USD to continue higher to 1.252 as door open for a test of 1.252.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Apr 18
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Oct 14
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,
1 hour
LONG
Jan 20
It seems like a descending channel happens, GBP/USD wants a further bigger bullish impulse as proof of a breakout.
A descending channel describes a useful price action pattern that is angled down that often indicates that the price to go up if price breaks out to the the upside.
GBP/USD violates bearish trendline towards 1.222 on a breakout of the descending channel.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Dec 11
There is a descending channel uncovered.
A descending channel spots that the price to go long in case if price breaks through the resistance.
There is a chance of a further move to 1.278 on a breakout of the descending channel.
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: 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.
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GBP/USD