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

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.

The Double Top reversal pattern has been formed on GBPUSD M15. Characteristics: the upper boundary 1.2457; the lower boundary 1.2422; the width of the pattern is 35 points. Sell trades are better to be opened below the lower boundary 1.2422 with a possible movements towards the 1.2399 level.

The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.2457; the lower boundary 1.2422; the width of the pattern is 35 points. Sell trades are better to be opened below the lower boundary 1.2422 with a possible movements towards the 1.2407 level.

According to the chart of H1, GBPUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.2298 while the median line of the Neck is set at 1.2391/1.2360. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPUSD will go towards 1.2400.

According to the chart of H1, GBPUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.2298 while the median line of the Neck is set at 1.2391/1.2360. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of GBPUSD will go towards 1.2400.

On the chart of GBPUSD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.2356; the lower boundary 1.2346; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.2323 level.