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FX.co ★ Patterns GBPUSD | British Pound (GBP) to US Dollar (USD) Rate in the Forex market

GBPUSD M5

Bearish Symmetrical Triangle
According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.2614/1.2623 and upper border is 1.2630/1.2623. The pattern width is measured on the chart at -16 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPUSD breaches the lower border, the price could continue its move toward 1.2608.
2024-03-28

GBPUSD M15

Bearish Symmetrical Triangle
According to the chart of M15, GBPUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.2604 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -39 pips.
2024-03-28

GBPUSD M30

Bearish Symmetrical Triangle
According to the chart of M30, GBPUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.2604/1.2626 and upper border is 1.2643/1.2626. The pattern width is measured on the chart at -39 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPUSD breaches the lower border, the price could continue its move toward 1.2596.
2024-03-28

GBPUSD M5

Double Top
The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.2623 is broken, the downward movement will continue.
2024-03-27

GBPUSD M5

Triple Top
On the chart of the GBPUSD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.2619, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 10 points.
2024-03-27

GBPUSD M5

Double Bottom
The Double Bottom pattern has been formed on GBPUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.2620 is broken. The further movements will rely on the width of the current pattern 13 points.
2024-03-27

GBPUSD M5

Bearish Rectangle
According to the chart of M5, GBPUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.2616, the lower border is 1.2610. The signal means that a short position should be opened after fixing a price below the lower border 1.2610 of the Bearish Rectangle.
2024-03-27

GBPUSD M15

Double Bottom
The Double Bottom pattern has been formed on GBPUSD M15. Characteristics: the support level 1.2621; the resistance level 1.2634; the width of the pattern 13 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 12 points.
2024-03-26

GBPUSD M30

Bullish Symmetrical Triangle
According to the chart of M30, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.2628/1.2640 whereas the upper border goes across 1.2651/1.2640. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPUSD will breach the upper border to head for 1.2670.
2024-03-26

GBPUSD M15

Bullish Symmetrical Triangle
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 1.2651/1.2640 whereas the lower border goes across 1.2628/1.2640. The pattern width is measured on the chart at 23 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.2640 is broken, the price could continue its move toward 1.2663.
2024-03-26