DislikedHere is my view. According to my calculations, GU could go up to 5950 where I have a short waiting.
My calculations are based on the previous drop and the subsequent retrace (6617 - 5272 = 1345 pips. Retraced to 6164, which is equivalent to 66.32%). Applying the same retrace %age gives us 5950, give or take a few pips. Chart attached.
Happy pips.Ignored