- GBP/USD testing support
- U.S. Retail Sales m/m
Since yesterday, GBP/USD moved up by around 40pips before coming back down for around 90pips.
GBP/USD is trending downwards.
The U.S. Retail Sales data measures the change in the total value of sales at the retail level.
It is scheduled to be released tonight at 2130 (SGT).
It is expected to perform worse than previous month. If the released data is worse than or as expected, we may see a weakening in the U.S. dollar and GBP/USD will be moving up.
GBP/USD is currently testing the of 1.28667.
Current Price: 1.28652
Next Resistance: 1.30000
Next Support: 1.28667