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,
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.
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: Rectangle
GBP/USD,
1 hour
SHORT
Jul 25
We can see that a rectangle has been noticed, the price requests a strong move for the certainty of breakdown.
A rectangle is considered to be a specific chart indicator that can be used to predict that the price to go down in case if price breaks below support.
Corrective downside to 1.288 is on the cards once below 1.2884.
GBP/USD: Rising Wedge
GBP/USD,
1 hour
SHORT
Mar 14
It looks like a rising wedge has been found and the price demands bigger pullback as proof of a breakout.
A rising wedge results in a move down in case if price collapses through the support line.
GBP/USD to experience further corrective weakness to 1.278 on a breach of 1.2785 as bearish momentum increases.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Nov 21
An ascending channel is nearing completion and the price demands an active move as evidence of a breakdown.
An ascending channel results in a bearish price action once price breaks out to the the downside.
GBP/USD targets a move to 1.262 as GBP/USD loses bullish momentum.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Jul 16
It seems like a descending channel forms, the price wants a more bullish impulse for the certainty of breakout.
In case if price breaks through the resistance, the move could signal an extension in the upward direction.
A bullish price action towards 1.297 looks likely while above 1.2964.
GBP/USD: Bullish Flag
GBP/USD,
4 hours
LONG
Jun 30
A bullish flag is close to being complete and the price is ready to break out soon.
A bullish flag typically predicts a break in the price direction if price breaks through the resistance.
GBP/USD dives out bearish trendline towards the 1.275 mark on a breakout of the bullish flag.
GBP/USD: Bullish Rectangle
GBP/USD,
1 hour
LONG
May 5
There is a bullish rectangle appearing, the price is ready to break out now.
A bullish rectangle often results in a bullish price move when price breaks out to the the upside.
GBP/USD advances higher towards 1.26 on a breach of 1.2596.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
May 29
The price composes an ascending channel and GBP/USD wants a more bigger move to confirm ascending channel breakdown.
An ascending channel denotes a specific bearish indicator that can be used to identify a bullish-to-bearish trend reversal in case if price breaks below support.
GBP/USD set to fall towards 1.275 on a breach of 1.2755.
GBP/USD: Pennant
GBP/USD,
1 hour
SHORT
Oct 12
The price completes a pennant, the price breaks out.
A pennant typically signals that the price to go short when price breaks through the support.
GBP/USD set to fall to the 1.229 level as there is a chance of further weakness.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
SHORT
Nov 30
There is an ascending triangle emerging.
An ascending triangle represents a bearish indicator that is used to signal a further move down if price breakdown occurs.
GBP/USD to move downward to 1.269.
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GBP/USD