Tag - gbp

There's a developing "Rising Wedge". The price is testing the lower side of this pattern.

Recommendations: BUY 1,291 SL 1,2855 TP1 1,291 TP2 1,294, SELL 1,264 SL 1,2695 TP1 1,251, TP2 1,245…

The price is consolidating under the 34 Moving Average, so there's a possible developing "Rising Wedge" pattern.

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices entered into the Cloud and the Bulls will going to the upper bound of the Cloud.

The British pound gained as more members of the Bank of England monetary policy committee voted for the rate increase…

There's a developing "Rising Wedge", so the price faced resistance on the 34 Moving Average.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a correctional golden cross of Tenkan-sen and Kijun-sen; the prices returned to Cloud again and the Bulls can try to breakout its resistance.

 The Bank of England published its latest views on interest rates and monetary policy setting earlier today…

The 34 Moving Average has acted as resistance, so there's a "V-Top" pattern, which has confirmation.

We've got a "Double Bottom", which has been confirmed. Bulls faced resistance at 1.2793.

On the daily chart, GBP/USD broke down through the lower border of the rising trend channel…

The price is consolidating between the levels 1.2678 - 1.2634. Also, there's a "Pennant" pattern.