In yesterday's analysis, I expected GU to have a deep pullback due to the overbought condition, which was exactly what the market performed. In today's trading session, I will be focusing on short-term rotational opportunities towards 1.4040 minor support zone. Be cautious that I am shifting my bias to short-term mean reversion setups (short-term selling opportunities) due to the current over-stretched condition, if there's strong bullish momentum pushing the price upwards, avoid going against the flow. The overall trend on the higher timeframe remains bullish.
Trade safe.
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Trade safe.
Do follow my profile for daily fx forecast & educational content.
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