U.K Retail Sales Down -1.0% In Dec, GBPUSD Hovering Around Resistance !

forex sales
forex sales

The U.K retail sales fell -1.0%, from 1.3% in the previous month, the indicator was expected to fall -0.3% in the last month…

(Year-Over-Year) U.K retail sales fell 2.6%, from 4.5% in the previous month, the indicator was expected to fall 4.3% in the last month…

Market impact: This development is supposed to limit recent rise, at the moment, the pair is hovering around the key resistance 1.4252, sustained breakout above the 1.4252 levels will put the pair in the recovery mode and pave the way towards ┬áthe 1.4350 levels, however; a rejection from the 1.4252 levels could mean a return to the 1.4057 levels…Anyway; selling the pair still recommended above resistance level…

Further Reading:

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MARKET DATA

UPCOMING ECONOMIC EVENTS