Currently, GBP/USD is trading at 1.2281. The pair started a new down trend on 4th May after breaking support level at 1.2484. The price has already hit the first target at 1.2305 and it is moving towards its second target at 1.2186. If the price breaks the support level at 1.2268 then it may hit the second target very soon.
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Thank you,
Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat
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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.