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GBP/USD Technical Analysis.

Long
FX:GBPUSD   British Pound / U.S. Dollar
Currently, GBP/USD is trading at 1.3821. The price is moving in sideways trend from last 1 week and can consolidate in the same range before breaking resistance and support level . The pair may start a new down trend if it breaks the support level at 1.3740. As the pair was moving in up trend from some time and there is a lot of fule left in the pair to touch its strong resistance level at 1.3955. If the pair starts a new up trend by breaking its resistance level at 1.3836, then its first target price will be at 1.3892 and second target will be at 1.3955.

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Rishikesh Lilawat