Currently, GBP/USD is trading at 1.2425. The pair started a sideways trend on 17 April and now the price is consolidating in the resistance and support wedges. If the price breaks the resistance level at 1.2512, then it may touch its resistance zone at 1.2909. Although, If price breaks support level at 1.2218, then it may touch its support zone at 1.1854.
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat