GU has been trending in a bearish channel from last year and has exceeded the number of retests to still make the channel valid. With the War still progressing , we may seee siginificant rise in power from GBP over US and as much as the Sentimental dimension shows that it may continue with its bearish momentum, i still say it may soon change. Should price close with a reversal candle on the daily , we may look to open long positions to the set price but with no confirmation as yet other than technicals, we should wait until price starts to align. We may seee some consolidation before a risde to the upside, or a break to the downside. Will keep you posted.
- Mr M.
- Mr M.