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

GBPUSD M5

Bullish Symmetrical Triangle
According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0775/1.0808 whereas the upper border goes across 1.0832/1.0808. 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 1.0823.
2022-09-27

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 1.0738, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 49 points.
2022-09-27

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 1.0738, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 49 points.
2022-09-27

GBPUSD M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of the GBPUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.0742/1.0710.
2022-09-26

GBPUSD M5

Bearish pennant
The Bearish pennant pattern has formed on the GBPUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.0793; the projection of the flagpole height is equal to 71 pips. In case the price breaks out the pattern’s bottom of 1.0793, the downtrend is expected to continue for further level 1.0778.
2022-09-25

GBPUSD M5

Bearish Flag
The Bearish Flag pattern has been formed on the chart GBPUSD M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 1.1246, traders should enter the market.
2022-09-23

GBPUSD M15

Triple Bottom
The Triple Bottom pattern has been formed on GBPUSD M15. It has the following characteristics: resistance level 1.1264/1.1258; support level 1.1249/1.1249; the width is 15 points. In the event of a breakdown of the resistance level of 1.1264, the price is likely to continue an upward movement at least to 1.1272.
2022-09-22

GBPUSD M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of GBPUSD M5. Features of the pattern: The lower line of the pattern has coordinates 1.1264 with the upper limit 1.1264/1.1258, the projection of the width is 15 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.1249, the price is most likely to continue the upward movement.
2022-09-22

GBPUSD M5

Bearish pennant
The Bearish pennant pattern has formed on the GBPUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.1256; the projection of the flagpole height is equal to 41 pips. In case the price breaks out the pattern’s bottom of 1.1256, the downtrend is expected to continue for further level 1.1241.
2022-09-22

GBPUSD M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of the GBPUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.1291/1.1279.
2022-09-21