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BISEAU DESCENDANT
GBP/USD
1H
We can see that a falling wedge is almost completed, the price is ready to break out.
When price breaks above resistance, the resulting move could predict that prices are likely to keep rallying upward.
Gbpusd to surge considerably to 1.338 as the currency pair nears 1.337 hurdle.
TRIANGLE DESCENDANT
GBP/USD
1H
A descending triangle is revealed, the price is going to break out.
A descending triangle tends to be a price indicator that is used to identify the bulls have run out of steam in case if price breaks through the support.
Gbpusd challenges a move to the 1.334 mark as gbpusd nears 1.336 hurdle.
BISEAU ASCENDANT
GBP/USD
1H
There is a rising wedge found and gbpusd expects a more bearish move as evidence of a breakdown.
A rising wedge is a specific price action indicator that typically results in a potential reversal in price action in case if price breakdown occurs.
There is a chance of corrective downside towards the 1.338 zone on a downside break as gains remain capped.
TRIANGLE ASCENDANT
GBP/USD
1H
It looks like the price composes an ascending triangle, the price is ready to break out soon.
An ascending triangle often results in a move up when price breaks out.
Gbpusd to head towards 1.336.
DRAPEAU HAUSSIER
GBP/USD
4H
We can see that a bullish flag is determined, the price asks for a steady move to confirm bullish flag breakout.
A bullish flag depicts a chart signal that is used to spot a temporary interruption during a falling market if price breaks through the resistance.
Gbpusd to surge considerably to the 1.336 zone.
CANAL DESCENDANT
GBP/USD
1H
There is a descending channel uncovered, the price is about to break out soon.
A descending channel tends to be a price action formation that often predicts a further move up once price breaks above resistance.
A further rangebound towards 1.334 looks probable as downside pressure seen easing.
BISEAU DESCENDANT
GBP/USD
1H
Gbpusd shapes a falling wedge and the price expects a further bigger move as proof of a breakout.
A falling wedge is believed to be a bullish price indicator that results in a further move up once price breaks above resistance.
There is a probability of a bullish push up to 1.333 on a breach of 1.3325.
CANAL DESCENDANT
GBP/USD
1H
As we can see a descending channel has been spotted.
A descending channel can be thought of as a useful bullish indicator that is used to signal a change in price direction once price breaks through the resistance.
It is not ruled out that a rangebound towards 1.333 will take place on impulse above 1.332 as the currency pair becomes supported.
TRIANGLE ASCENDANT
GBP/USD
1H
An ascending triangle materializes and the price is breaking out.
An ascending triangle can be thought of as a reliable bearish chart signal that often predicts a trend change to the downside if price breaks out to the the downside.
Extra downside towards the 1.332 level is likely to happen.
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