The Diminishing Monthly Retail Sales Impact on The Cable.

The cable pair faced a slight increase until it touched the resistance line 1.38, then it rebounded until it met the support line 1.378 due to The British National Statistics Office's report about the monthly retail sales. This month the retail sales' percentage is less than the expected percentage by 1.4%, therefore if two Japanese confirmatory candles follow the double top reversal pattern, the cable pair will continue to decline until it breaks the first support line 1.378 to meet the second support line 1.376, then the third support line 1.375, accordingly the British Pound Sterling will decrease against the increase of the US Dollar. However, if there are no confirmation candles at the neckline 1.378, the cable pair may rise again to touch the resistance line 1.38, but it is unlikely to reach a higher resistance line.