GBP/USD 4H.

The GBPUSD, has held its 40 pip range this morning after a disappointing set of Advanced Retail Sales figures being released this morning. Expectations for the event were set at 0.3%, and released at an actual 0.1% for the month of October. This event quickly caused a selloff of the US Dollar and pushed the GBP/USD to today’s range resistance which is found at a price of 1.5250. So far this pair has been unable to breakout higher above this point. If  the price continue to rally above this price 1.5250 we will begin looking for bullish breakout above 1.5270.

 

 

 

 

 

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