LONG GU supported by natural resistance

Panjang

Paun British / Dolar A.S. (FX:GBPUSD)

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FX:GBPUSD Paun British / Dolar A.S.

Looks like GU was supported right on the natural price and time 1x1 angle and closed well above this level indicating it might go to the natural resistance level of tops

Komen:

The balance of time and price was 31086.35 on Friday and GU reached 30879 (207 pips below natural resistance), then closing well above 31086 on Friday indicates higher prices are more likely with support at 31168. Based on Friday action and being that Mondays 1x1 is 31168 and if you take 31168 - 207 = 30961 then this should support GU but if it goes lower than 30961 on Monday then all bets are off and it will go lower

Penafian

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