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: Ascending Channel
GBP/USD,
4 hours
SHORT
Dec 28
There is an ascending channel distinguished, the price lacks a further bearish impulse as an information of a breakout.
Once price breaks out to the the downside, the move could indicate a next move down.
It is likely that a bearish push down to the 1.27 level will take place while below 1.275 as the currency pair probes 1.275 hurdle.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Jul 27
The price gives an ascending channel and the price is ready to break out now.
An ascending channel is believed to be a specific price action indicator that can be used to spot the bulls have run out of steam if price breaks through the support.
There is a probability of a move to 1.28.
GBP/USD: Bearish Flag
GBP/USD,
1 hour
SHORT
Dec 20
A bearish flag is found.
A bearish flag tends to be a specific signal that is used to signal a further move down in case if price breaks out to the the downside.
GBP/USD now looks towards 1.268 on a break below 1.2685 as minor hurdle remains at 1.2685.
GBP/USD: Pennant
GBP/USD,
1 hour
LONG
Mar 27
As we can see a pennant is very close to being finished and the price is going to break out.
A pennant often spots extending an uptrend if price breaks above resistance.
It is possible that a bullish push up towards 1.228 will take place on a breach of 1.2275.
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
SHORT
May 16
There is an ascending triangle found, the price is breaking out.
An ascending triangle often predicts a bearish move if price breaks out.
It is likely that a further bearish price action to the 1.248 level will form.
GBP/USD: Falling Wedge
GBP/USD,
1 hour
LONG
Aug 14
There is a falling wedge arising and GBP/USD needs a more bigger move to confirm falling wedge breakout.
A falling wedge depicts a bullish price pattern that can be used to identify the bears have run out of steam in case if price breaks out.
A bullish push up towards 1.272 about to be made as outlook for GBP/USD stays positive.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
May 9
It seems like a descending channel appears, the price is close to breaking out soon.
A descending channel depicts a reliable chart indicator that often spots price reversal after a pause once price breaks through the resistance.
GBP/USD targets a move towards the 1.264 mark.
GBP/USD: Falling Wedge
GBP/USD,
1 hour
LONG
May 18
GBP/USD completes a falling wedge, the price is breaking out.
A falling wedge describes a reliable signal that is used to indicate the bears have run out of steam if price breaks out to the the upside.
It is likely that a bullish continuation to the 1.242 mark will happen on a break above 1.241.
GBP/USD: Falling Wedge
GBP/USD,
4 hours
LONG
Jan 31
As we can see a falling wedge is almost done.
A falling wedge spots a temporary interruption of an existing trend in case if price breaks above resistance.
GBP/USD to jump towards the 1.27 mark once beyond 1.269 as GBP/USD looks bid.
GBP/USD: Descending Channel
GBP/USD,
1 day
LONG
Oct 12
A descending channel is very close to being completed, the price is ready to break out.
When price breaks out to the the upside, the move could signal that the price to go up.
GBP/USD to resume its rise towards the 1.24 mark.
GBP/USD: Ascending Channel
GBP/USD,
4 hours
SHORT
Dec 28
We can see that an ascending channel is noticed.
In case if price breaks out to the the downside, the resulting move could indicate a bearish price move.
There is a chance of a bearish move to the 1.27 zone while lower than 1.273.
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GBP/USD