Sell on a level breakthrough of 1.4865 with 1.4800 target. Stop loss = 1.4915.
Reason for the trading strategy
The publication of strong UK economic data has supported the pound, which rebounded from the level of 1.4865. The volume of retail sales in the UK rose by 1.7% (m/m) in November, with a forecast of 0.6% (m/m), and signaled an increase in the consumer activity of British households. After an adjustment, the pound may continue to decline to the level of $1.48.
GBPUSD, H4
