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 supported by Kijun-sen
2019-11-11 • Updated
Technical levels: support – 1.3030; resistance – 1.3090, 1.3150.
- Buy — 1.3030/40; SL — 1.3010; TP1 — 1.3090; TP2 — 1.3150.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the prices are in the channel of Tenkan-Kijun and supported by Kijun-sen.
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