When you compare this GU picture with JPY, you will find out there's a little be tricky at the end of Friday, before the market closed, the rhythm of GU and JPY rerailed for a while, when UJ dropped considerably, GU was still remaining close to the resistance area and seems like waiting for UJ come down and ready to drive a new bull trend for non-US currency, I think the new bull trend for GU is get ready.
But indubitably, it will not be a very long term bull trend, in other words, it will just be a mad reversal ( looking at 1.23400) , once the brexit problem hasn't fixed yet, there's lots of uncertainty about GBP, it makes GBP become sensitive and the speed of drop will > raise, is is also a great chance of speculating.
However, if the price cannot break the resistance line of the triangle, it will be back to a lower level
But indubitably, it will not be a very long term bull trend, in other words, it will just be a mad reversal ( looking at 1.23400) , once the brexit problem hasn't fixed yet, there's lots of uncertainty about GBP, it makes GBP become sensitive and the speed of drop will > raise, is is also a great chance of speculating.
However, if the price cannot break the resistance line of the triangle, it will be back to a lower level
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