There is a pennant observed, the price requests bigger push down as a signal of a breakout.
When price breaks below support, the move could predict the more likely potential of falling prices.
GBP/USD is at risk of extending its slump towards the 1.266 mark.
GBP/USD: Rising Wedge
GBP/USD,
1 hour
SHORT
Mar 4
GBP/USD builds a rising wedge and GBP/USD asks for an active bearish action for clear breakout confirmation.
When price breakdown occurs, the move could spot that the price to go down.
It is likely that a bearish price action to 1.268 will form on a breach of 1.269.
GBP/USD: Ascending Triangle
GBP/USD,
4 hours
LONG
Jul 3
We can see that an ascending triangle is close to being done, the price is about to break out now.
An ascending triangle represents a compelling bullish chart indicator that is used to identify a next move up if price breaks through the resistance.
GBP/USD looks ready to further extend its gains towards 1.27.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Apr 10
A rising wedge occurs.
A rising wedge often indicates a further move down when price breakdown occurs.
GBP/USD hints a change to the downside towards 1.26.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Apr 24
We can see that a descending channel is nearing completion.
A descending channel identifies an interruption of a downtrend when price breaks above resistance.
It is likely that a bullish push up towards 1.246 will be made.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Oct 4
GBP/USD composes a descending channel, the price calls for a bullish move as evidence of a breakout.
A descending channel denotes a technical price action pattern that has a downward slope that often identifies a tendency to break in the opposite direction in case if price breaks above resistance.
GBP/USD is bullish and en route to 1.21 on a breakout of the descending channel.
GBP/USD: Rising Wedge
GBP/USD,
1 hour
SHORT
Aug 28
There is a rising wedge recognized, GBP/USD asks for a bigger correction as a clue of a breakout.
A rising wedge often signals a next move down once price collapses through the support line.
A bearish price action towards 1.324 about to be made as GBP/USD becomes depressed.
GBP/USD: Symmetrical Triangle
GBP/USD,
1 hour
SHORT
Apr 30
The price establishes a symmetrical triangle, GBP/USD asks for a next steady move as a clue of a breakout.
When price breaks below support, the resulting move could identify a move down.
It is not ruled out that a further bearish price action to 1.253 will occur on a breach of 1.2536.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
May 9
We can see that a bullish flag arises and the price is ready to break out.
A bullish flag is believed to be a technical bullish chart formation that has a downward slope that typically indicates price heading to a new direction if price breaks above resistance.
A rangebound to 1.264 looks probable.
GBP/USD: Rectangle
GBP/USD,
1 hour
LONG
Jul 17
There is a rectangle exposed, GBP/USD expects a move for the certainty of breakout.
A rectangle is considered to be a chart indicator that identifies the bears have run out of steam once price breaks above resistance.
There is a chance of a bullish run towards 1.298 on a breach of 1.2976.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Aug 21
It seems like a rising wedge pops up.
A rising wedge is believed to be a signal that typically spots a move down in case if price breaks out.
GBP/USD violates bullish trendline towards 1.27.
GBP/USD: Bullish Flag
GBP/USD,
4 hours
LONG
Mar 4
It looks like a bullish flag is distinguished and GBP/USD demands a move to confirm a breakout.
A bullish flag can be thought of as a useful price pattern with a downward bias that can be used to identify that the price to go long once price breaks out to the the upside.
A further move towards 1.268 is on the way.
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GBP/USD