My thought on GU pair:
GU is in bearish market when DXY has spike up. GU is being tested at support zone which is 1.25300 and might be in corrective wave before the release of Inflation Rate news from England. After that, it will remain the main trend aiming at the next level of support at 1.22800.
Resistance: 1.24250
Support: 1.22800
GU is in bearish market when DXY has spike up. GU is being tested at support zone which is 1.25300 and might be in corrective wave before the release of Inflation Rate news from England. After that, it will remain the main trend aiming at the next level of support at 1.22800.
Resistance: 1.24250
Support: 1.22800
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.