Currently, GBP/USD is trading at 1.2367. The pair may start a new up trend if it breaks the resistance level at 1.7825. Previously, the pair was trading in a down trend and after touching the support level, started consolidating in the resistance and support levels. The pair may start a new up trend if it breaks the resistance level, then its first target price will be at 1.2659 and the second target price will be at 1.2816.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and ideas.
Thank you,
Rishikesh Lilawat
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and ideas.
Thank you,
Rishikesh Lilawat