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

The Bearish Rectangle has formed on the GBPUSD M5 chart. This is a trend continuation pattern bounded by the lower boundary at 1.3199–1.3199 and the upper boundary at 1.3214–1.3214. A breakout below the lower boundary is likely to signal a continuation of the downtrend.

The Bearish Pennant pattern has formed on the GBPUSD M5 chart. A break below the pennant low at 1.3200 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Triple Bottom pattern has formed on the chart of GBPUSD M5. The lower boundary is at 1.3199, while the upper boundary is at 1.3214/1.3212. The projected width is 10 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 1.3214 is broken, the price is likely to continue upward.

The Inverse Head and Shoulders pattern has formed on the GBPUSD H1 chart. The head low is at 1.3201, while the neckline passes through 1.3251/1.3233. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.

The Inverse Head and Shoulders pattern has formed on the GBPUSD M30 chart. A break above the higher of the neckline anchors at 1.3251/1.3233 may confirm the bullish reversal.

The Bearish Pennant pattern has formed on the GBPUSD M15 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 1.3237.

The Bearish Pennant pattern has formed on the GBPUSD M5 chart and signals a potential continuation of the existing trend. The pattern low is at 1.3248, and the projected flagpole height is 18 points. If the price breaks below the pattern low at 1.3248, the downtrend is expected to continue toward 1.3233.

The Triple Bottom pattern has formed on the GBPUSD M5 chart. A break above the confirmation resistance at 1.3218 may signal a reversal from a downtrend to an uptrend.

The Bearish Rectangle has formed on the GBPUSD M15 chart and indicates a likely continuation of the trend. Its upper boundary is at 1.3232 and its lower boundary is at 1.3213. A short position may be considered once the price closes below the lower boundary at 1.3213 of the Bearish Rectangle.

The Double Bottom pattern has formed on the GBPUSD M15 chart. Its upper boundary is at 1.3231, its lower boundary is at 1.3214, and its width is 18 points. A break above the upper boundary at 1.3231 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.