GU Analysis/Prediction Feb. 8

by forexiq on Feb 7th in Cable Focus & Analysis

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Looks like we will have a slow euro session that will chisel out a bottom for us to take us into US session going long…I think early trading will be ranging as there is no news.  A good note is that GU had a bounce at 123%  hitting 1.5535 so we could see a bottom for todays trading day…So going long from the low range with a minimal stop loss and a t/p at our resistances which are at 1.5608 and 1.5640 levels would be a good trade….Happy trading all…

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