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: Ascending Channel
GBP/USD,
1 hour
SHORT
Oct 16
There is an ascending channel determined and GBP/USD calls for an active move as an indication of a breakdown.
An ascending channel typically results in an upward trend is nearing its end once price breaks down.
It is possible that a bearish push down to 1.304 will happen on a breach of 1.3065.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Apr 23
GBP/USD: Ascending Triangle
GBP/USD,
1 hour
SHORT
6 days ago
There is an ascending triangle distinguished, the price asks for a further active move as an indication of a breakdown.
Once price breakdown occurs, the move could predict an extension in the downward direction.
GBP/USD challenges a move to 1.264 on a breach of 1.2665.
GBP/USD: Bullish Flag
GBP/USD,
1 hour
LONG
Mar 22
It seems like a bullish flag is close to being finished, GBP/USD calls for a bit more consolidation as a signal of a breakout.
When price breaks through the resistance, the move could spot a bullish price action.
GBP/USD to peak to 1.224 on a breach of 1.2225 as extra rangebound not ruled out.
GBP/USD: Rising Wedge
GBP/USD,
4 hours
SHORT
Jan 15
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: 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: Symmetrical Triangle
GBP/USD,
1 hour
LONG
Jun 7
There is a symmetrical triangle diagnosed and GBP/USD demands a bit more consolidation as proof of a breakout.
When price breaks out, the resulting move could signal the more likely potential of rising prices.
GBP/USD to recover bullish potential to 1.28 on a breakout of the symmetrical triangle as bulls seeking a new high.
GBP/USD: Descending Channel
GBP/USD,
4 hours
LONG
Apr 24
There is a descending channel coming out, the price requires a bullish impulse for the certainty of breakout.
A descending channel typically indicates a bullish price action when price breaks through the resistance.
GBP/USD to move upward to the 1.25 mark on a breakout of the descending channel as GBP/USD looks bid.
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: 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.
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GBP/USD