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: pound can’t breakout SSB’s resistance
2019-11-11 • Updated
Technical levels: support – 1.2800; resistance – 1.2970.
- Sell — 1.2940; SL — 1.2970; TP1 — 1.2840; TP2 — 1.2800.
Reason: irregular bullish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with narrowing channel of Tenkan-Kijun; the market tested the resistance of Senkou Span B, but the Bulls are looks weak.
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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