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: trades in Cloud will continue
2019-11-11 • Updated
Technical levels: support – 1.2920, 1.2900; resistance – 1.3020.
- Buy — 1.2920; SL — 1.2900; TP1 — 1.2970; TP2 — 1.3020.
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market is supported by Tenkan and Kijun.
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