Currently, GBP/USD is trading at 1.2281. The pair started a new down trend on 4th May after breaking at 1.2484. The price has already hit the first target at 1.2305 and it is moving towards its second target at 1.2186. If the price breaks the at 1.2268 then it may hit the second target very soon.
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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.