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

The Bearish Symmetrical Triangle pattern has formed on the GBPUSD H1 chart. Its lower boundary passes through 1.3478/1.3536, while its upper boundary passes through 1.3595/1.3536. The pattern width is 117 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPUSD breaks below the lower boundary, the price could move toward 1.3496.

The Double Bottom pattern has formed on the GBPUSD M15 chart. Its support is at 1.3518, its resistance is at 1.3532, and its width is 14 points. A break above resistance may confirm a trend reversal, with the first target projected 13 points away.

The Bullish Symmetrical Triangle pattern has formed on the GBPUSD M5 chart. Its lower boundary passes through 1.3544/1.3549, while its upper boundary passes through 1.3553/1.3549. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, GBPUSD is expected to break the upper boundary and move toward 1.3564.

The Bearish Symmetrical Triangle pattern has formed on the GBPUSD M5 chart. Its lower boundary passes through 1.3534/1.3540, while its upper boundary passes through 1.3546/1.3540. The pattern width is 12 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If GBPUSD breaks below the lower boundary, the price could move toward 1.3525.

The Head and Shoulders pattern has formed on the GBPUSD M30 chart. After the right shoulder forms, a break below the lower of the neckline anchors at 1.3545/1.3551 may confirm the bearish reversal.

The Bullish Pennant pattern has formed on the GBPUSD M5 chart. This is a continuation pattern. If the price closes above the pennant high at 1.3563, the uptrend is likely to continue.

The Double Top reversal pattern has formed on the GBPUSD H1 chart. Its upper boundary is at 1.3525, its lower boundary is at 1.3488, and its width is 41 points. A short position may be considered below the lower boundary at 1.3488, with a potential target at 1.3448.

The Head and Shoulders pattern has formed on the GBPUSD H1 chart. After the right shoulder forms, a break below the lower of the neckline anchors at 1.3399/1.3416 may confirm the bearish reversal.

The Double Top pattern has formed on the GBPUSD M5 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 1.3425 is likely to confirm further downward movement.

The Bullish Rectangle has formed on the GBPUSD M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 1.3431 and its lower boundary is at 1.3423. A long position may be considered after the price breaks above the upper boundary at 1.3431 of the Bullish Rectangle.