Hi traders,
GU had a huge run to upside very fast, buyers took control of the market.
as for now GU showed no rejection.
However wee see movement within a chanel as pointed out that has been respected many times.
before the closing of the markets on friday we got 4TH touch on the respected trendline and the pair showed a strong bearish momentum.
i am gonna wait till the market opens how its gonna react.
but most likely tha pair will reach 143 level soon to meet each weekly ressistance.
GU had a huge run to upside very fast, buyers took control of the market.
as for now GU showed no rejection.
However wee see movement within a chanel as pointed out that has been respected many times.
before the closing of the markets on friday we got 4TH touch on the respected trendline and the pair showed a strong bearish momentum.
i am gonna wait till the market opens how its gonna react.
but most likely tha pair will reach 143 level soon to meet each weekly ressistance.