GU Analysis

23 May 2020

We should see GU dropping from this area. 1.2194 zone has been a major point hard resistance/ support for the past week. Forming the double top GU should be falling to 1.185 full target. We saw a retest last week to 1.224 as major resistance and 1.223 and 1.226. Pushing down from here first stop at 1.2120 with a couple of key levels before continuing towards the target.