Currently, GBP/USD is trading at 1.2332. The pair started a new up trend after breaking resistance level at 1.2192. The pair was trading in a descending wedge before starting a new up trend. The price is about to touch its first target, which is at 1.2377. It may hit the second target at 1.2491 if it crosses the first target.
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Rishikesh Lilawat
Do follow us for future Forex trend analysis.
Thank you,
Rishikesh Lilawat