My Reading on GU

I believe, right now the GU movement is currently testing the SMA24 line for its 1 hr chart.
If the pair can break the SMA24 line on its 1 hr, I believe the uptrend will be followed on 4hrs chart.

Uptrend could be reach to new daily high for this pair. Targeting at SMA120 line before it make a breakthrough to reach SMA 24 line.

For the time being, I will be on the side way and really watching the movement of this pair. But when thinking about the news on this pair which about to be released in next 1 and half hour. I would say, I will just wait and see on how the pair is reacting for the current market conditions.

1 hr time frame which currently testing the SMA 24 line.

4hrs chart which currently moving upward to reach its new high of the day. If the 1 hr candle make a break on SMA 24 line, I have a strong belief the 4hrs candle will do the same.



Good luck guys.