U.K. retail sales -0.5% vs. 0.4% forecast ,Buy GBPUSD on dips !

forex sales min
forex sales min

Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

UK Retail Sales fell to -0.5%, from 0.6% in the previous month , analysts had expected retail sales to rise 0.4% last month.

This development should be taken as an opportunity to buy GBPUSD on dips . Immediate support comes at the 1.4972 levels , stability above this level will keep pushing upward towards the 1.5080 levels …..

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2 COMMENTS

  1. hank you Master Haitham over all settings. With that post, my trading becomes easier. Hopefully Master Haitham always successful.

  2. Thank you Master Haitham over all settings. With that post, my trading becomes easier. Hopefully Master Haitham always successful.

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