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 is on SSB’s support
2019-11-11 • Updated
Technical levels: support – 1.3000; resistance – 1.3110.
- Buy — 1.3020/40; SL — 1.3000; TP1 — 1.3110; TP2 — 1.3170.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the market fell to SSB’s support on 4H-timeframe and may return inside a Cloud.
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