As I said last week ..exactly as I said last week GU hit the area of the trend line from where it had a very high rejection that will continue in the next period until the area 37680 where it will have a small rebound and if it manages to break that area will go down 1000 -1200 pips in the coming months! Even if in the short term GU will make a range move in this area ... in the long term I will look for SELL! As you can see in the 1 month chart GU has rejected from the trend line formed in the last 10 years that coincides with Ichimoku's cloud ... as I do not believe in coincidences in Forex I will continue to believe that we will have a descent to the 1.38 area and there right around 1.33! However, with a closing even for a day over 1.38 I will look for Buy to the trendline and from there ... DOWN AGAIN!
THIS WEEK...as I said in the last weeks GU has already dropped 550 pips from the 1000-1200 I predicted! Even if he makes a range in this area and climbs again to 38700 ... I keep my idea of descending until he restores all W
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