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GBP/USD Trading Flat Ahead of UK Retails Sales

20 July 2017 02:26 PM BDT
 GBP/USD Trading Flat Ahead of UK Retails Sales

FxGrow Daily Technical Analysis – 20th July, 2017 By FxGrow Research & Analysis Team GBP/USD Trading Flat Ahead of UK Retails Sales GBP/USD has traded 18 pips on Thursday with 1.3014 low. The pair was on selloff wave on Tuesday after receiving negative UK CPI, but still the pair is bullish as dips still fight 1.3000 level with a constant re bounce and calling for further pressings if we still consider recent daily candles as a correction phase. The pair is still trading above 10 EMA (1.2990), currently 1.3034 intraday. Sterling bullish momentum awaits UK Retail Sales to be released shortly (8:30 AM GMT) which justifies low price action today. Carney precious statements regarding BOE interest rates tapering was tackled on Tuesday as data and statement were opposed, but Retails Sales today will give a better view on how BOE is ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

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