GBP/USD Trading in Ascending Wedges.
Hello traders, GBP/USD is trading at 1.3673. The price is trading in upward resistance and support channel and can continue the same trend. As the impact of FED interest rate is fading and the pair has already touched its support level, it can rebound back from here to continue trading in upward resistance and support channel. The price can touch its resistance level at 0.3774 after rebounding from support level.
Follow 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 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