It seems like a rising wedge happens, the price is going to break out soon.
A rising wedge is said to depict a compelling bearish price action pattern with an upward bias that identifies a bearish price action if price collapses through the support line.
GBP/USD is at risk of resuming its decline to 1.27 on a breach of 1.272.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
Apr 3
There is a bullish flag diagnosed and the price is ready to break out now.
In case if price breaks above resistance, the resulting move could signal a bullish price move.
It is likely that a bullish push up to 1.238 will be made on a breakout of the bullish flag.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
LONG
Nov 28
An ascending triangle is close to being completed, the price is going to break out soon.
An ascending triangle provides a specific bullish price indicator that can be used to predict a bullish price move in case if price breaks through the resistance.
GBP/USD tests a move to 1.265.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
May 10
There is an ascending channel exposed and the price is ready to break out soon.
An ascending channel identifies a specific formation that often predicts the more likely potential of falling prices in case if price breaks through the support.
GBP/USD points to the downside towards 1.255 amid rising bets for the move.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Oct 3
There is a descending channel materializing, GBP/USD wants a next bigger move to confirm descending channel breakout.
A descending channel describes an indicator that often identifies a bullish move when price breaks above resistance.
GBP/USD to continue higher to 1.215 on a breakout of the descending channel.
GBP/USD: Ascending Triangle
GBP/USD,
4 hours
SHORT
Feb 12
There is an ascending triangle occuring and the price is going to break out soon.
An ascending triangle spots the more likely potential of falling prices if price breaks down.
A rangebound to 1.26 is about to happen.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Jan 29
It looks like an ascending channel is almost finished and the price requests an active bearish move as a signal of a breakdown.
An ascending channel typically results in a bearish price action if price breaks through the support.
GBP/USD to experience further corrective weakness towards 1.265.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Mar 29
There is an ascending channel observed.
An ascending channel can be thought of as a specific bearish price indicator that is used to indicate an extension in the downward direction when price collapses through the support line.
It is likely that a rangebound to 1.23 will take place.
GBP/USD: Rectangle
GBP/USD,
1 day
SHORT
Sep 6
There is a rectangle detected, GBP/USD wants a more move as proof of a breakdown.
A rectangle denotes a specific bearish price action indicator that can be used to spot the bulls have run out of steam in case if price collapses through the support line.
Decline to 1.25 looks probable while below 1.256 as bears looking for downside correction.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Apr 23
GBP/USD: Falling Wedge
GBP/USD,
1 day
LONG
Mar 11
GBP/USD establishes a falling wedge, the price is breaking out.
A falling wedge typically predicts that the price to go long if price breaks through the resistance.
GBP/USD to look for a further push to the 1.21 zone on a break above 1.2 as the currency pair sticks to the positive mood.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
Sep 12
A bullish flag is almost finished.
Once price breaks out, the move could spot a potential bullish reversal in price action.
GBP/USD tests a move towards 1.252 on a breach of 1.2495.
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GBP/USD