1.4050 looks likely to be the last area of support before a short squeeze sending GU higher toward 1.43.
On the H1, previous levels of resistance is consistently providing support. Has happened a number of times that I have indicated on our chart.
Trend is up and pull backs are becoming smaller suggesting a squeeze on the cards.
Daily Chart MA's are lagging, might consolidate for a day or 2 before extending higher.
On the H1, previous levels of resistance is consistently providing support. Has happened a number of times that I have indicated on our chart.
Trend is up and pull backs are becoming smaller suggesting a squeeze on the cards.
Daily Chart MA's are lagging, might consolidate for a day or 2 before extending higher.
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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.