GU - Long - Since it looks like the markets are doing better then they did last week we could see a nice retrace of the big non stop sell of we had the last 24days. Fib levels to watch. Stop around ~1.422 First Trade this week hopefully you all have a nice week! Good Luck Trading out there! :)
Awating for the US data, GBP is moving between 0.382 and 0.618 levels of this huge downtrend pitchfork. Below this level, the 1.50900 major support area (May 04/05) might be considered as a good target if the US data is better than expected. If the data will be much higher than the expected, 1.272 fibo level (1.49857) should be the next target (where...