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: Ascending Channel
GBP/USD,
1 hour
SHORT
Apr 18
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: 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: 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: Ascending Channel
GBP/USD,
1 hour
SHORT
Jun 17
An ascending channel is almost finished and GBP/USD requests an active move as evidence of a breakout.
An ascending channel tends to be a chart signal that is used to indicate a tendency to break in the opposite direction in case if price breaks below support.
GBP/USD to drop towards 1.356.
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
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,
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,
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: Ascending Triangle
GBP/USD,
4 hours
LONG
Nov 25
It looks like an ascending triangle is almost completed, the price wants an active move for the certainty of breakout.
Once price breaks through the resistance, the move could identify a next move up.
A bullish price action to 1.318 stays on the cards on a upside break.
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GBP/USD