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 made a new lows
2019-11-11 • Updated
Technical levels: support – 1.3060, 1.3000; resistance – 1.3150.
- Sell — 1.3150; SL — 1.3170; TP1 — 1.3060; TP2 — 1.3000.
Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are tested the support of 1.3020 and returned to Kijun-sen.
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