U.K Retail Sales Down -0.6% In Oct, GBPUSD Slides!

forex consumer
forex consumer

The U.K┬áRetail Sales fell -0.6%, from 1.7% in the previous month, the indicator was expected to fall to -0.5% in the last month…..

Market Impact: This development will suggest a corrective pullback towards 1.5200 levels where rebound is likely, intraday support comes at the 1.5170 levels ahead of the 1.5100 levels….

Remember: Weekly resistance comes around 1.5262 levels, a reversal may occur around this level.

Further Reading

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MARKET DATA

UPCOMING ECONOMIC EVENTS