Currently, GBP/USD is trading at 1.2367. The pair may start a new up trend if it breaks the at 1.7825. Previously, the pair was trading in a down trend and after touching the , started consolidating in the resistance and support levels. The pair may start a new up trend if it breaks the , then its first target price will be at 1.2659 and the second target price will be at 1.2816.
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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.