UK retail sales data is expected to decline 0.5% m/m compared to 1.9% growth reported in Sep. The strong jump in previous retail sales was mainly due to the Rugby world cup. Dismal UK retail sales number will drag the pair further down till 1.5150 level.
If UK retail sales contracts more than forecast of 0.5%. It is good to sell GBP/USD below 1.5240 with SL around 1.5300 for the TP of 1.5150/1.5080.
If UK retail sales expands more than 0.5%. It is good to buy above 1.5300 with SL around 1.5250 for the TP of 1.5400