The GBP/USD pair was under a negative impact because of the retail sales falling below forecasts today (-0.8%). If we remember, the unemployment rate was 5.0% in February, the number of unemployed increased by 7,200. This sector is weak and standing in the way of the economic recovery.
Considering technical levels, here we note that by the beginning of the American session the pair was falling to 1.5769 support (Pivot Point) just at that level and then bounced, we believe that the pair should consolidate at levels of 1.5750 0 1.5720.
We recommend buying at support levels around 1.5720 with a short-term target 1.5935.
The MACD indicator remains in the positive zone and giving signals to buy short term.
