FxGrow Daily Technical Analysis – 20th July, 2017
By FxGrow Research & Analysis Team

GBP/USD Trading Flat Ahead of UK Retails Sales


GBP/USD has traded 18 pips on Thursday with 1.3014 low. The pair was on selloff wave on Tuesday after receiving negative UK CPI, but still the pair is bullish as dips still fight 1.3000 level with a constant re bounce and calling for further pressings if we still consider recent daily candles as a correction phase. The pair is still trading above 10 EMA (1.2990), currently 1.3034 intraday.

Sterling bullish momentum awaits UK Retail Sales to be released shortly (8:30 AM GMT) which justifies low price action today. Carney precious statements regarding BOE interest rates tapering was tackled on Tuesday as data and statement were opposed, but Retails Sales today will give a better view on how BOE is ...

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