I've been tracking GU since its been navigating through this Consolidation and with the Negative News for USD today and possibly the rest of the week, I believe we are starting to see a Valid Break of this Falling Resistance to help push GU HIGHER!!
I have entered a Sell Trade @ 1.2715 after it had come down, Tested the Break AND the Support Zone TWICE showing strong Bullish pressure!!
SL @ 1.2701, Just underneath Support Zone!
Fundamentally this week is BIG: GBP - Monetary Policy and Bank Rate (Thur) USD - FOMC (Today) Unemployment (Thur) Average Hourly Earnings, Non-Farm and Unemployment (Fri)