Currently, GBP/USD is trading at 1.2564. The pair started a new down trend after breaking the support level at 1.2699. The pair is now trading in a down trend while moving in a lower-low lower-high pattern and the price has already hit the first target at 1.2465. It may hit the second target at 1.2320 if the price goes below the first target.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitibality.
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Thank you,
Rishikesh Lilawat
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitibality.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat