Betty
GBP/JPY Signal - GBP Retail Sales - 21 May 2021GBPJPY is trending to the downside today prior to the GBP retail sales data, which measures the total receipts of retail stores domestically. Technically the pair has done a break and retest of the support trendline, and the PPO is doing a bearish cross. We anticipate a retest of support at 153.35.
GBPUSD Short - if the daily tl holdsPrice so far has respected the daily trendline, making a 4th touch. This trade idea will be invalidated if price breaks the TL and previous high, and offers a fantastic R/R. Traders should look for this oppurtunity at London open today, keeping an eye on a news feed for any events that may invalidate the trade. Happy trading.