GBPUSD: consolidation before the publication of the volume of retail sales in the UK

April 23, 2015

Buy on a level breakthrough of 1.5080 with 1.5160 target. Stop loss = 1.5020.

Reason for the trading strategy
Today, the data on retail sales in the UK will be published. If sales grow by more than 0.4% (m/m) in March, the GBP/USD pair can overcome the 1.5080 resistance level.


Publication source
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