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)
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)
Comment:
...channel / resistance broken...currently @ 1.2227, though strong Fibb resistance @ 1.2235/37
Comment:
one can look at Buy GU at around 1.2237/40 for a 20+ pip immediate gain