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.
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.
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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
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