GU Bearish Continuation British Pound / U.S. DollarFOREXCOM:GBPUSDJcasanova32Looking at the GU Chart and price action during the past couple weeks i see price wanting to drop lower to levels around 1.30. The reason behind this is price drop to a very strong demand area if you look at structure to the left, now from there the momentum of the candlesticks are telling me price wants to continue dropping, its very rare to see price at a VERY Strong demand area and only retrace just a bit because the market has to create structure, of course we got a LOWER HIGH which is another confluence to the set up and if you look at the long term timeframes like the daily, weekly even monthly you can see how all the timeframes are being synced, now price coming from a couple months of accumulation between 1.35 and 1.33 just adds more weight to the set up, i do believe price on GU will drop to 1.30 on the long term unless price breaks the 1.25 level i don't see GU reversing yet, of course this is my pure technical point of view, i do have a "Sniper entry" sell position as you can see meaning price can stop me out and the set is still valid, unless price travels above 1.25 then that'll start a different conversation, but for now, this is what I'm seeing.