Denis Joeli Fatiaki
Independent Analyst
GBP/USD: British Pound heads down to 1.29420 support ahead of the Retail Sales data results
What is going on now with GBP/USD?
GBP/USD: The British Pound heads down to 1.29420 support ahead of the Retail Sales data results. The pair could continue down to 1.29165 and 1.28845 if it fails to hold at 1.29420. The pair could also return to 1.30045 if it bounces at 1.29420 support. The pair could trigger a short sell position if it falls and remains below 1.29420. The Pound could head back up to the upside if it breaks and maintains above 1.30045
Support/ Short-1.29420, 1.29165, 1.28845, and 1.28480
Resistance/ Long - 1.29705, 1.30045, 1.30385, 1.30655, and 1.30975
The trade signals are posted on to our Telegram channel consolidates at l on a regular basis as per the link below.
https://t.me/leoprimefx
Chart 1: The short-term view of the GBP/USD price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points
Chart 2: The short-term view of the GBP/USD price action in the four hours price chart highlights the direction of the trend and the support and resistance price points
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