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

The technical pattern called Head and Shoulders has appeared on the chart of GBPUSD H1. There are weighty reasons to suggest that the price will surpass the Neckline 1.3539/1.3565 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.3525.

The technical pattern called Head and Shoulders has appeared on the chart of GBPUSD M15. There are weighty reasons to suggest that the price will surpass the Neckline 1.3565/1.3574 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.3551.

According to the chart of M5, GBPUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.3565 and 1.3537 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 28 pips. Outlook: If the upper border 1.3565 is broken, the price is likely to continue its move by 1.3564.

According to the chart of H1, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.3484/1.3519 whereas the upper border goes across 1.3558/1.3519. 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 1.3559.

The Triple Top pattern has formed on the chart of the GBPUSD M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -3, and pattern’s width 23. Forecast If the price breaks through the support level 1.3509, it is likely to move further down to 1.3506.

According to the chart of M5, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3532 and support 1.3515. In case the resistance level 1.3532 - 1.3532 is broken, the instrument is likely to follow the bullish trend.

The Double Top reversal pattern has been formed on GBPUSD H1. Characteristics: the upper boundary 1.3558; the lower boundary 1.3516; the width of the pattern is 42 points. Sell trades are better to be opened below the lower boundary 1.3516 with a possible movements towards the 1.3476 level.

The Double Top reversal pattern has been formed on GBPUSD M30. Characteristics: the upper boundary 1.3558; the lower boundary 1.3516; the width of the pattern is 42 points. Sell trades are better to be opened below the lower boundary 1.3516 with a possible movements towards the 1.3486 level.

According to the chart of H1, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3558 and support 1.3516. In case the resistance level 1.3558 - 1.3558 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M30, GBPUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3558 and support 1.3516. In case the resistance level 1.3558 - 1.3558 is broken, the instrument is likely to follow the bullish trend.