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/USD: bulls entered into Cloud
2019-11-11 • Updated
Technical levels: support – 1.2860; resistance – 1.2940.
- Buy — 1.2890; SL — 1.2870; TP1 — 1.2940; TP2 — 1.2980.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the Bulls entered into the cloudy area and may go to 3W-highs.
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
This article will analyze the possible scenarios for the EU, and what's more important, look at the charts. There is a lot to see, let's go!
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