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The GBPUSD H1 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3437, the Neckline and the upward angle are at 1.3354/1.3381. 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 1.3341.

The GBPUSD M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3437, the Neckline and the upward angle are at 1.3354/1.3381. 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 1.3351.

According to the chart of M5, GBPUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.3395 - 0.0000 and support 1.3381 – 1.3381. In case the resistance level 1.3381 - 1.3381 is broken, the instrument is likely to follow the bearish trend.

The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3392; the lower boundary 1.3382; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 1.3382 with a possible movements towards the 1.3367 level.

The GBPUSD M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3391, the Neckline and the upward angle are at 1.3375/1.3375. 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 1.3353.