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 got a strength for correction
2019-11-11 • Updated
Technical levels: support – 1.3140; resistance – 1.3270.
- Sell — 1.3270; SL — 1.3290; TP1 — 1.3190; TP2 — 1.3140.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen; a market testing Cloud’s resistance; waiting for downtrend’s continue.
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