GU on daily is confined within the Thick BLUE channel and has a 6145-50 as in base and 6410-15 as the top... 6145-50 also happens to be a decent looking supp and a breakout channel on 8 hrs as well...
On daily once again this 6145-50 is a price splitter to the higher and the lower side..
Weekly 6310-15 now has inched lower to 6305-10..
If this drop after testing the main break out as shown on the weekly is corrective in nature, than 6140ish should hold out..
9850 on USD as well is a key lvl for it USD surge is corrective in nature than it should end the bounce to 9833 initially else 9850-53 max...
GL...
Shooting Star in GBP/USD
Looking at the daily chart a bearish shooting star pattern formed on Friday:
Zooming out we can see some major trendlines that could form support:
Also worth noting that MACD crossed the zero line from positive to negative...
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Comment by Tahir Khan on September 23, 2012 at 11:33pm -
GU 6145 -6310 range
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