GBP/USD Consolidating in the wedges.

FX:GBPUSD   British Pound / U.S. Dollar
Currently, GBP/USD is trading at 1.2324. From the last week, this pair is consolidating in the resistance and support wedges . Its resistance and support levels are at 1.2481 and 1.2162. If it breaks the level of support at 1.2162, it may enter into a downtrend and then the target price will be at 1.1646.

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Rishikesh Lilawat