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According to the chart of M5, GBPUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.2486 – 1.2486 and upper border 1.2493 – 1.2493. In case the lower border is broken, the instrument is likely to follow the downward trend.

The technical pattern called Head and Shoulders has appeared on the chart of GBPUSD H1. There are weighty reasons to suggest that the price will surpass the Neckline 1.2506/1.2523 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.2483.

According to the chart of M5, GBPUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.2557 – 1.2557 and upper border 1.2568 – 1.2568. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top pattern has been formed on GBPUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.2506 is broken, the downward movement will continue.

The Double Top pattern has been formed on GBPUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.2456 is broken, the downward movement will continue.

The Double Top pattern has been formed on GBPUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.2453 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on GBPUSD M15. Characteristics: the upper boundary 1.2468; the lower boundary 1.2455; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 1.2455 with a possible movements towards the 1.2433 level.

According to the chart of M30, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.2463/1.2437 whereas the lower border goes across 1.2417/1.2437. The pattern width is measured on the chart at 46 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.2437 is broken, the price could continue its move toward 1.2467.

According to the chart of M15, GBPUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.2463/1.2437 whereas the lower border goes across 1.2417/1.2437. The pattern width is measured on the chart at 46 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.2437 is broken, the price could continue its move toward 1.2459.

The GBPUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.2463, the Neckline and the upward angle are at 1.2444/1.2450. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPUSD will go towards 1.2428.