13 Jul 2009

GU Analysis:
With no major news in the lineup, it will be all technicals.

The squeeze at the daily chart has close up with EMA21 and EMA55 limiting at 1.632 and 1.608.
There are again no clear direction from the CCI, swing from a up to a down.

First support is at 1.614 for a potential rebound to 1.632. If breakout happen, support is at 1.598. On the other side, resistance is at 1.625, followed by 1.632, then 1.6405.

Trend: ?