Even though the GU has broken south out of the larger channel it seems to be making a possible bull flag. If this is a bull flag I would like to see price work its way down to the 1.6250 area, which is former double top resistance turned support. I would like to long around that area looking for another move into the 161.8 of the entire move around 1.6800. I will change my view to bearish provided it can get below 1.6250