GU Analysis *EXPLOSIVE WEEK AHEAD*
Price has been ranging between 1.31000-1.27000 since the beginning of September, price could be headed towards 1.27000 in the next few days. There is a lot of important news this upcoming week for both GBP and USD, and most importantly the US election is in 2 DAYS. I charted the FIB on the daily timeframe, and what I think will happen is the market will open up and head down to the 0% line on the fib before a long opportunity presents itself. ALSO GBP could take a toll for the next month being that there is a nationwide shutdown starting NOVEMBER 5th until DECEMBER 2nd because of COVID 19. There should be an explosive week this week for GU! Definitely would keep an eye on the news this week if you are trading GU this week.
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