I'd wait till some more clarification before going long or short now on GU
It should really go 1.4050 level before going up, I think the reason I didn't today because of the as expected update from BoE. Friday as we know is a profit taking day mostly so we could see possible downside on GU starting with Asia session followed by European session and then it should finally get pushed lower towards 1.4050 or below during North American session.
Failing that, if we cross over 1.4170 we will start to head towards 1.4230 / 1.4340 where there is strong resistance.
It should really go 1.4050 level before going up, I think the reason I didn't today because of the as expected update from BoE. Friday as we know is a profit taking day mostly so we could see possible downside on GU starting with Asia session followed by European session and then it should finally get pushed lower towards 1.4050 or below during North American session.
Failing that, if we cross over 1.4170 we will start to head towards 1.4230 / 1.4340 where there is strong resistance.