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 looks better
2019-11-11 • Updated
Technical levels: support – 1.2900; resistance –1.2950, 1.3070.
- Buy — 1.2920/30; SL — 1.2900; TP1 — 1.3010; TP2 — 1.3070.
Reason: narrow bullish Ichimoku Cloud, horizontal Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen and the Bulls going to breakout an SSA’s resistance.
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