Open:
High:
Low:
Close:
PENNANT
GBP/USD
1H
It looks like a pennant is almost done, the price is breaking out.
A pennant suggests a specific price formation that predicts a bullish move when price breaks through the resistance.
Gbpusd to accomodate to 1.306.
DESCENDING CHANNEL
GBP/USD
1H
There is a descending channel noticed and the price is about to break out soon.
If price breaks above resistance, the move could predict a sharp rise.
A move towards the 1.306 zone stays on the cards on a breach of 1.304 as minor hurdle remains at 1.304.
DESCENDING CHANNEL
GBP/USD
1H
A descending channel has been determined, gbpusd lacks a further bigger move as an information of a breakout.
A descending channel represents a reliable indicator that is used to indicate a further move up when price breaks above resistance.
There is a possibility of a bullish continuation to the 1.304 mark on a breakout of the descending channel.
ASCENDING TRIANGLE
GBP/USD
1H
As we can see an ascending triangle is close to completion and the price requires a more bigger move as a clue of a breakout.
An ascending triangle often identifies prices are likely to keep falling downward when price breaks out.
Gbpusd targets a move to 1.311 as bears seeking a new low.
ASCENDING TRIANGLE
GBP/USD
1H
It seems like an ascending triangle is almost done and the price is breaking out.
If price breaks through the resistance, the move could indicate a sharp rise.
Gbpusd to prolong the growth phase to 1.316 once beyond 1.3148 as bullish momentum increases.
DESCENDING CHANNEL
GBP/USD
4H
It seems like a descending channel is discovered, gbpusd lacks an active move for clear breakout confirmation.
A descending channel typically identifies a bullish move when price breaks through the resistance.
It is likely that a bullish run to 1.32 will occur on a breach of 1.314 as there is room for a upside correction.
ASCENDING TRIANGLE
GBP/USD
1H
An ascending triangle occurs, the price is going to break out.
Once price breaks through the support, the move could identify a move down.
Gbpusd to experience further corrective weakness to the 1.314 mark while below 1.3146.
จั่วขาลง
GBP/USD
1H
There is a falling wedge distinguished, the price demands more strong rise as an information of a breakout.
A falling wedge suggests a useful chart formation that has a downward slope that is used to identify a move up when price breaks out.
There is a chance of a rangebound towards 1.316.
จั่วขาลง
GBP/USD
1H
Gbpusd composes a falling wedge and the price requires a next strong bullish impulse as a clue of a breakout.
When price breaks above resistance, the move could indicate a bullish price move.
A rangebound to 1.314 about to be made as bulls lurking in demand zone.
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