GBP/USD Is Mostly Flat Ahead Of The Weekend

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GBP/USD remained mostly unchanged despite the better-than-expected UK Retail Sales report.

GBP/USD remains stuck near the resistance level at 1.2935 – 1.2950 despite the encouraging Retail Sales report from the UK. The report showed that UK Retail Sales increased by 1% month-over-month in February, compared to analyst consensus of -0.3%.

In case GBP/USD settles above the 1.2950 level, it will move towards the next resistance level at 1.3050 – 1.3070. RSI is in the moderate territory, and there is plenty of room to gain momentum in case the right catalysts emerge.

GBP/USD 310325 4h Chart

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