In yesterday's analysis, I talked about potential short-term pullback or rotational condition on GU, which market just kept pushing upwards. In today's trading session, I will be using the 18 & 50ema to guide the momentum of the trend. Avoid chasing the market in an impulse, always wait for a pullback/ dips. 1.4033 & 1.3950 are minor support zones where market could re-test. The market condition now is slightly over-stretched, be cautious if you're expecting some impulsive upside movement. Stay reactive!
Do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
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