GBP/USD Technical Analysis.
Currently, GBP/USD is trading at 1.3886. The pair is trading in a downward resistance and support channel but from some time it is consolidating in the same range. If the price breaks the resistance level at 1.3937, then it can start a new up trend and its first target price will be at 1.3983 and second target will be at 1.4034.
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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
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