Currently, GBP/USD is trading at 1.2985. The pair is trading in a resistance and support channel from some time and now broke a small resistance level at 1.2939 to start a new uptrend. It has rebounded after touching the support level and started a new uptrend. Soon pair will touch the first resistance level at 1.3017 and if it breaks that level, then it can touch the second resistance level at 1.3160.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
Follow 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