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The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.2948; the lower boundary 1.2928; the width of the pattern is 21 points. Sell trades are better to be opened below the lower boundary 1.2928 with a possible movements towards the 1.2913 level.

According to H1, GBPUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.2937/1.2931 is broken out, the instrument is likely to move toward 1.2971.

According to the chart of M30, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.2876/1.2915 whereas the upper border goes across 1.2971/1.2915. 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 1.2945.

The Double Bottom pattern has been formed on GBPUSD M5; the upper boundary is 1.2948; the lower boundary is 1.2934. The width of the pattern is 14 points. In case of a break of the upper boundary 1.2948, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Top reversal pattern has been formed on GBPUSD M30. Characteristics: the upper boundary 1.2970; the lower boundary 1.2948; the width of the pattern is 23 points. Sell trades are better to be opened below the lower boundary 1.2948 with a possible movements towards the 1.2918 level.

The GBPUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.2970, the Neckline and the upward angle are at 1.2954/1.2955. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPUSD will go towards 1.2932.

The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.2953 is broken, the downward movement will continue.

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 1.2950 is broken. The further movements will rely on the width of the current pattern 10 points.

The GBPUSD M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.2964, the Neckline and the upward angle are at 1.2927/1.2930. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of GBPUSD will go towards 1.2915.

The Double Bottom pattern has been formed on GBPUSD M15. Characteristics: the support level 1.2926; the resistance level 1.2945; the width of the pattern 19 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 18 points.