The Pound gained versus the Dollar after weak CPI results in the U.S. Retail Sales came out -1.2% weaker than -0.5% expected. Overall, GBP/USD traded with a low of 1.5345 and a high of 1.5477. GBP/USD has corrected upwards after reaching oversold conditions according to the RSI indicator. GBP/USD main trend is still downwards, but a correction to 1.56 is possible. No economic data expected today.

GBP/USD - Last: 1.5475

Resistance

1.5510

1.5535

1.5625

Support

1.5410

1.5350

1.5280

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