GU will need to hold 1.206 for buyers to get in control.
It has been a clear sell off since 1.31
1.206 is the price to look out for. A break of this zone with aggressiveness and conviction and if price stays below 1.206 until the end of the week, then we can hope for more buyers to come in at 1.18
It has been a clear sell off since 1.31
1.206 is the price to look out for. A break of this zone with aggressiveness and conviction and if price stays below 1.206 until the end of the week, then we can hope for more buyers to come in at 1.18
Comment:
1.206 held very nicely today 4th Oct.
Short term reversal analysis was correct - 114 pip move up from 1.206.
Short term reversal analysis was correct - 114 pip move up from 1.206.
This tells me that we can potentially get a short term reversal around this area depending on DXY.