One thing to take into account and watch out for is the HUGE rising wedge since the top of June 2013 and bottom of July 2013, which is a bearish pattern.
ChrisMoody
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Great Point...Obviously at a major resistance/support level there is a potential for for that level to hold and create a move on the opposite side...
I started to create the post...something came up...and I just needed to get it out so I didn't show both sides....
So thanks for the comment...you are absolutely correct............
4apprentice08
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Also, one target for down move is around 1.58-1.59.
Either way, looks like GU poised for 1000+ pips, up or down. We'll have to see where the market wants to go.