Currently, GBP/USD is trading at 1.2462. The pair started a sideways trend on 14 April and now consolidating in the support and resistance wedges. If the price breaks its support level at 1.2433, it may enter into a new downtrend and then its next support level at 1.2247, will be its first target.
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Thank you,
Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat
Note
About to hit 1st target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.