Pennies.......I see G/U priced 150 pips below the topmost line on a weekly/monthly consolidation wedge pattern. I would think that would be good for a pullback.
This new months candle began at the close of a wickless prior months 730 pip long bullish candle. That too makes me think we should see a decent pullback.
But if not, I've drawn a fresh daily zone lower boundary line at 1.64510. Whether that stops price or not there's a couple more daily zone lines above that but I have no intention of holding on beyond this current daily zone high of 1.6386.
I guess I've answered my own question but I was curious as to your take on G/U and the most likely price target that should turn it around.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.