GU abc set-up

Here we see a chart very similar to the one I shared with GBPJPY

Price failed to retrace above 50% of the AB leg, which signals a continuation of the trend.

Momentum is already diverging with price

We could potentially be looking at a ab=cd, but that is very optimistic
More realistic profit targets would be:
1.348 (38% extension)
1.359 (61% extension)
Completion of ab=cd will be just below 1.377

Thank you for your support, make sure you like the chart and write your comments in the section below

Thank you for reading this analysis

God bless and happy trading