Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
GBP/JPY has made a top
2019-11-11 • Updated
SELL 144.90; TP 144.25; SL 145.05
The upside in GBP/JPY was limited by the 50-day MA in the 145.90 area. It seems like the pair has formed a top and will now aim at the lower levels. The fact that Brexit uncertainty remains and the Bank of England left monetary policy unchanged is providing negative pressure for the pound.
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