Breaking out to the upside.....
With a weak USD, GU is moving up, closing above the resistance line of this multi-year Falling Wedge. That close signals more bullishness to follow.
A close above 1.3400, breaking the minor resistance price has created, and I will look for a valid long entry.
A close above 1.3400, breaking the minor resistance price has created, and I will look for a valid long entry.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.