In yesterday's analysis, I discussed about the potential break & re-test setup at the 1.3861 minor S&R zone. Gu has rejected the 1.3861 minor resistance zone and its now rotating downwards. In today's trading session, I will be focusing on short-term selling opportunities. I do expect GU to visit the 1.3785 support zone in the short term. If 1.3785 support zone is broken, that could expose GU towards the 1.3750 area.
The current market condition on GU is slightly choppy, without any clear directional bias. Be flexible.
Trade safe.
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