By IFCMarkets
Slower decline of UK retail sales bullish for GBPUSD
UK Confederation of British Industry reported retail sales declined less than expected in October. Will the GBPUSD rise?
The price chart on 1-hour timeframe shows GBPUSD: H1 is in uptrend. The price is rising toward the 200-period moving average MA(200) which is rising. The RSI oscillator is rising but has not reached the overbought zone.
| Order | Buy |
| Buy stop | Above 1.2859 |
| Stop loss | Below 1.2839 |
Market Analysis provided by IFCMarkets