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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. Description: This is the pattern of a trend continuation. 1.2472 and 1.2445 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 27 pips. Outlook: If the upper border 1.2472 is broken, the price is likely to continue its move by 1.2473 pips.
2022-04-28

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 1.2515 is broken. The further movements will rely on the width of the current pattern 7 points.
2022-04-28

GBPUSD M30

Inverse Head and Shoulder
According to the chart of M30, GBPUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 1.2572 while the median line of the Neck is found at 1.2501/1.2525. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of GBPUSD will go towards 1.2602
2022-04-28

GBPUSD M5

Double Top
On the chart of GBPUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.2586; the lower boundary 1.2568; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.2553 level.
2022-04-27

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 1.2577, the lower border is 1.2569. The signal means that a short position should be opened after fixing a price below the lower border 1.2569 of the Bearish Rectangle.
2022-04-26

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 1.2588 with the upper limit 1.2588/1.2577, the projection of the width is 8 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 1.2580, the price is most likely to continue the upward movement.
2022-04-26

GBPUSD M5

Bearish Symmetrical Triangle
According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.2704 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -23 pips.
2022-04-26

GBPUSD M5

Double Top
The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.2742; the lower boundary 1.2728; the width of the pattern is 14 points. Sell trades are better to be opened below the lower boundary 1.2728 with a possible movements towards the 1.2713 level.
2022-04-25

GBPUSD M5

Bearish Rectangle
According to the chart of M5, GBPUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.2843 - 0.0000 and support 1.2828 – 1.2828. In case the resistance level 1.2828 - 1.2828 is broken, the instrument is likely to follow the bearish trend.
2022-04-22

GBPUSD M5

Bullish Rectangle
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 1.3127 – 1.3127 and upper border 1.3158 – 1.3158. In case the upper border is broken, the instrument is likely to follow the upward trend.
2022-03-29