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CANALE DISCENDENTE
GBP/USD
4H
There is a descending channel developing.
A descending channel often identifies a next move up in case if price breaks out.
A bullish run to 1.344 stays on the cards on a breakout of the descending channel as downside pressure seen easing.
RETTANGOLO
GBP/USD
1H
A rectangle is very close to being completed and the price asks for a strong move as evidence of a breakout.
A rectangle denotes a price action formation that indicates the bears have run out of steam in case if price breaks out to the the upside.
Gbpusd points to the upside towards the 1.344 level as the wind continues blowing in favor of the currency pair.
CANALE DISCENDENTE
GBP/USD
1H
There is a descending channel observed, the price breaks out.
When price breaks out, the move could identify extending an uptrend.
A further bullish push up towards 1.342 is not ruled out.
CUNEO RIBASSISTA
GBP/USD
4H
A falling wedge develops and the price requires a bit more consolidation to confirm a breakout.
A falling wedge often spots a breakout higher once price breaks out to the the upside.
Gbpusd is bullish and en route to the 1.342 level while above 1.341.
PENNANT
GBP/USD
1H
There is a pennant occuring.
A pennant is believed to be a specific chart pattern that signals a bearish price action if price breaks out.
There is a probability of a further bearish run towards 1.336 on a break below 1.338.
PENNANT
GBP/USD
1H
A pennant is almost finished.
A pennant typically results in extending an uptrend when price breaks out.
Gbpusd to look for a further push to the 1.34 mark as gbpusd sticks to the positive mood.
CANALE DISCENDENTE
GBP/USD
1H
A descending channel is very close to being completed and gbpusd lacks a bit more consolidation for clear breakout confirmation.
A descending channel represents a formation with a downward bias that is used to identify a break during a downtrending market if price breaks out.
It is likely that a bullish run towards 1.34 will happen as there is a chance for a upside correction.
CUNEO RIALZISTA
GBP/USD
1D
There is a rising wedge found, the price expects an active bearish move as evidence of a breakout.
A rising wedge predicts a next move down once price collapses through the support line.
It is not ruled out that a move to the 1.33 zone will be made on a breach of 1.34.
PENNANT
GBP/USD
1H
As we can see a pennant is close to being finished.
A pennant is considered to be a useful bearish formation that predicts extending an downtrend once price breaks through the support.
Gbpusd to continue the dereciation trend to the 1.342 mark as gbpusd looks offered.
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