Quick post to map near term Support/Resistance zones.
GU has retraced most of the jump last week already.
It is at a Support now, but looks likely to go lower.
We can expect a "Relief Rally", perhaps after NY open.
If/when it bounces, the "Decision Point" will be important.
If it breaks below "Strong Support" it will go much lower.
The "Strongest Support" will be found at this Impulse Redux Map (click).
The "Big Picture" fib of relevance is Posted at this Link.
The "Major Resistance" will be found much higher at this Impulse Core Map.
DISCLAIMER:
- I am NOT in tune with the weekend Brexit developments.
- I am NOT trading GBP pairs due to random news events.
- This is a map to GAUGE just how weak this currency is.