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: 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: Falling Wedge
GBP/USD,
1 hour
LONG
Mar 17
As we can see a falling wedge appears and the price is close to breaking out soon.
A falling wedge represents a bullish price action signal that signals an extension in the upward direction if price breaks out.
There is a possibility of a move towards 1.294 on a breakout of the falling wedge.
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: Rising Wedge
GBP/USD,
4 hours
SHORT
Feb 25
There is a rising wedge recognized, the price is ready to break out.
A rising wedge is considered to be a bearish chart indicator that typically indicates that the price to go short when price collapses through the support line.
GBP/USD to extend the fall to the 1.26 level on a breakdown of the rising wedge.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Feb 20
It seems like a descending channel is detected, the price calls for a move as a signal of a breakout.
A descending channel indicates a further move up once price breaks above resistance.
There is a chance of a rangebound to the 1.264 level.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Nov 25
As we can see a descending channel comes out and the price asks for a further bigger move for clear breakout confirmation.
A descending channel indicates that the price to go up once price breaks out to the the upside.
GBP/USD risks a move towards the 1.265 mark as the currency pair becomes bullish.
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: Descending Channel
GBP/USD,
1 hour
LONG
Mar 17
It looks like a descending channel develops, GBP/USD expects a more steady bullish impulse to confirm a breakout.
A descending channel suggests a bullish chart indicator that typically spots price heading to a new direction once price breaks out to the the upside.
A bullish continuation towards 1.296 is a possibility amid the currency pair reclaims part of the ground lost.
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.
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.
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GBP/USD