GBP/USD Technical Analysis.
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.
Follow a 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
Follow a 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
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.