GBPUSD

10:20, 15 May

GBPUSD

Today there is no major macro agenda on U.K. side while retail sales and industrial production figures will be announced on the U.S. side. Selling pressure continues on the pair.  

1.2250 is the main resistance level for the pair. However we follow 1.2160 as a support level. We may see some recovering from this support level.  

Resistance levels: 1.2250 – 1.2300 – 1.2340 
Support levels: 1.2160 – 1.2120 – 1.2100