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 still on daily Cloud’s support
2019-11-11 • Updated
Technical levels: support – 1.3900, 1.3830; resistance – 1.3930.
- Buy — 1.3930; SL — 1.3910; TP1 — 1.4035; TP2 — 1.4070.
- Sell — 1.3940; SL — 1.3960; TP1 — 1.3830; TP2 — 1.3800.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market keep staying on the Cloud’s support on daily timeframe.
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