Currently, GBP/JPY is trading at 132.75. The pair started a new up trend on 8th May after breaking at 131.62. The price is in down trend from 1st May and now started a new up trend after breaking resistance. It has already hit the first target at 132.82 and now moving towards the second target at 133.55.
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Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.