To me GU looks bearish. It should do a retest of 1.28400 area, which was previous consolidation and Daily S/R area and also last swings Fib 50% level.
On H1 the pair is at 1.2500 level, it did close above January NFP levels, but also testing Decembers NFP levels, which is a sweet-spot for short setup, if Dec-NFP is not broken.
In the long run, I expect GU to test the lows of 1.2100 area, before it would reverse and become a bullish trend.
On H1 the pair is at 1.2500 level, it did close above January NFP levels, but also testing Decembers NFP levels, which is a sweet-spot for short setup, if Dec-NFP is not broken.
In the long run, I expect GU to test the lows of 1.2100 area, before it would reverse and become a bullish trend.