GU has been rejecting the downside and two daily candles have printed bullish at this significant zone. Highly oversold due to dollar strength. USD has peaked at 110 and started to retrace, will likely continue bearish up until Trump inauguration. Gu making higher highs and lows signifying shift in structure to upside. GBP GDP was red at 0.1 but still better than forecasted.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.