namah

GU - Downward Channel

FX:GBPUSD   British Pound/U.S. Dollar
39 0 2
a month ago
Post break from H-Channel, around 1.2254 and Fibb support lvls of 1.2235 & 1.2207 – GU pair is moving within a downward trend channel (70pips apart).

Next resistance is at 1.2179. Overall immediate outlook looks bearish unless the pair moves out from this channel or breaking from resistance lvl             around 1.2235 (immediate at 1.2215)
a month ago
Comment: ...channel / resistance broken...currently @ 1.2227, though strong Fibb resistance @ 1.2235/37
a month ago
Comment: one can look at Buy GU at around 1.2237/40 for a 20+ pip immediate gain
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