After forming a lower low lower high pattern it may enter into a up trend. If it breaks the support zone line which is its current resistance level then it can inter into up trend and then neck line will become its first target.
The price has already entered into the support zone and it is possible that it will enter into the up trend If it breaks the resistance level of the wedge and possibly it can again touch the neck line which will be its resistance level and target for the up trend.
After reversing back from the resistance level the price is continuing the down trend. It is possible that it will touch the small support below and if it breaks that level it can touch the support zone below.
The price is currently forming a higher high lower low pattern in the wedges. If it breaks the small resistance level it is possible that it will hit the above target and if it goes below the small support level it will hit the below target.
The pair has almost formed a cup and handle pattern and if it reverses back from the resistance level there are chances it will break the support level and possibly will hit the target. As the price previously had gone bellow that price level.
It has formed a higher high lower low pattern in the wedges. overall the trend is in up trend and if it breaks the neck line it may enter into a new longer down trend but most probably it will rebound from its small support.
After reversing from the resistance zone the pair has broken the neck line and started a long term down trend. If the down trend continues there is a possibility of touching the support zone which is at 131.171.
Gbp/usd pair is in the sideways trend from some time and recently it has touched the neck line and again reversed back from there. It is possible that it will break the neck line and come into a long term short trend and then it can touch the support zone which will be the long term target for the Gbp/usd pair.
The chart pattern has shown lower lows lower highs and higher highs lower lows pattern many times and many times the price had touch resistance zone. Now the price has touched the resistance zone and retraced back. If the price goes above the current resistance zone then it is possible that pair will come into a long term up trend.