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: strong bullish offensive
2022-04-15 • Updated
Technical levels: support – 1.4000; resistance – 1.4070.
- Buy — 1.4000; SL — 1.3880; TP1 — 1.4070; TP2 — 1.5000.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; a market reached new highs over 1.4000.
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