We can see a MACD/SIGNAL cross in play. If this stands at the next bar close out we can expect a huge buyer push to retest the previous high. On the day chart MACD/SIGNAL have already crossed while above 0 line to further confirm a huge push ahead. RSI on 4 hour chart has room to breach further into the overbought zone to further confirm a push.
GBP started off hot today while DXY why is swimming in poor sentiment so pay close attention to trade volume and trader sentiment.
Attached is is my previous GU analysis that is still in play, which sentiments the same play out.
Please comment with thoughts and ideas. Thank you.
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