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 inside Cloud yet
2019-11-11 • Updated
Technical levels: support – 1.2700, 1.2860; resistance – 1.2920
- Sell — 1.2840; SL — 1.2860; TP1 — 1.2800; T2 — 1.2750.
Reason: narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun; the Bulls tried to break the SSB’s resistance but failed.
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