GU has hit a nice pullback fib of 38.2 which means if this sustains, downward momentum is still very strong. Now we may come back to the lows around 1.3 which will give us a nice 50 pip profit. from here we can either continue down for another 50 pips to 1.2950 or we could see GU stay range bound until a clear break which in my opinion is to the downside at the moment