H4 Chart
R3 1.6551
R2 1.6488
R1 1.6449
Pivot 1.6386
S1 1.6323
S2 1.6284
S3 1.6221
Alright, GU broke the support line and fall about 100 pips yesterday, did you catch up some profit?
After the fall i drawn a new support line (yellow) which will be our next guideline to determine the trend of GU. Currently GU unable to pass through pivot level pull back with a strong selling power after it reached high price of 1.6417. We should can see GU price fall back to the support trendline level and MACD show the begining of the downtrend.
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