I've been talking about the flag pattern/ descending channel on GU. In yesterday's analysis, I expected GU to have a pullback towards the 1.3780 resistance area, which was exactly what the market did. In today's trading session, I will be looking for short-term buying opportunities. If market breaks above the top trendline, that could send GU back towards the 1.4000 key resistance zone. However, if it again rejects the top trendline, it could expose 1.3675 as the potential support zone.
Trade safe and be flexible.
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Trade safe and be flexible.
Do follow my profile for daily fx forecast & educational content.