GU has been in a daily correction since August,2018.
Based on EW count it has been making a flat correction and now C leg of that flat is about to be completed.
Based on price action I'm still anticipating one more move UP to break previous high and then make its way down.
a clear divergence have been formed between market trend MACD indicator which indicates a strong reversal of trend as market has been consolidated for a long time on pivot point
any break could cause a good fall for sterling with a target of 1.2778,1.2699 and 1.2564
alternate scenario any break above 1.2989 may continue the buy trend