GBP/USD Technical Analysis.

FX:GBPUSD   British Pound / U.S. Dollar
Currently, GBP/USD is trading at 1.2614. The pair may start a new down trend if it breaks the support level and neck line at 1.2582. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges . If the pair starts a new down trend after breaking the neck line, then its first target price will be at 1.2435 and second target will be at 1.2344.

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