A rising wedge is discovered and GBP/USD wants a more move to confirm a breakdown.
A rising wedge indicates that prices move counter to the prevailing price trend when price breaks down.
It is likely that a bearish continuation to the 1.264 level will form.
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.
GBP/USD: Rectangle
GBP/USD,
1 hour
SHORT
Mar 19
There is a rectangle discovered.
Once price breakdown occurs, the move could indicate prices are likely to keep falling downward.
It is possible that corrective downside to 1.272 will form while lower than 1.2722.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Jan 10
It seems like a descending channel is exposed, the price lacks next rise as evidence of a breakout.
Once price breaks above resistance, the move could identify a bullish move.
GBP/USD dives out bearish trendline to the 1.273 level.
GBP/USD: Pennant
GBP/USD,
4 hours
LONG
Jan 8
There is a pennant noticed.
A pennant indicates that the price to go long once price breaks out to the the upside.
There is a probability of a bullish move towards the 1.275 mark while above 1.272.
GBP/USD: Descending Channel
GBP/USD,
1 hour
LONG
Mar 9
It seems like GBP/USD establishes a descending channel and GBP/USD requires a further strong move for the certainty of breakout.
When price breaks above resistance, the resulting move could spot extending an uptrend.
A further bullish push up towards 1.185 is about to happen.
GBP/USD: Falling Wedge
GBP/USD,
4 hours
LONG
Aug 2
The price creates a falling wedge, the price is ready to break out soon.
A falling wedge is considered to be a price indicator that can be used to indicate a break in the price direction in case if price breaks out.
A bullish continuation to 1.28 is possible.
GBP/USD: Falling Wedge
GBP/USD,
1 hour
LONG
Feb 20
A falling wedge is revealed.
A falling wedge is a reliable bullish price action formation with a downward bias that is used to signal a further move up when price breaks through the resistance.
GBP/USD dives out bearish trendline towards 1.259.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Mar 26
It looks like an ascending channel arises.
An ascending channel is considered to be a bearish price action formation that is angled up that is used to indicate the bulls have run out of steam in case if price breaks below support.
GBP/USD opens door for a move towards the 1.263 level on a breakout of the ascending channel.
GBP/USD: Ascending Triangle
GBP/USD,
4 hours
SHORT
Dec 4
There is an ascending triangle exposed, GBP/USD demands a further strong correction to confirm a breakout.
In case if price breaks out to the the downside, the resulting move could spot prices are likely to keep falling downward.
GBP/USD now looks towards the 1.262 mark on a breakdown of the ascending triangle.
GBP/USD: Ascending Channel
GBP/USD,
1 hour
SHORT
Jan 9
We can see that the price sets up an ascending channel and GBP/USD needs further pullback for the certainty of breakdown.
An ascending channel is believed to be a reliable bearish price indicator that often signals a move down in case if price breaks down.
It is likely that corrective downside towards 1.27 will form amid rising bets for the move.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Jun 20
There is a rising wedge identified.
A rising wedge represents a reliable signal that predicts a move down in case if price breaks out to the the downside.
A rangebound to 1.27 looks possible on a breakout of the rising wedge.
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GBP/USD