Gu has moved nearly 300 pips weekly and 650 pips monthly, thus a reversal has occur.
It fail to break remain above 1.2625 despite manage to reach highest at 1.26734, but momentum fail when it closes below 1.2600 at 1.25894
My projection for GU now is bearish momentum towards 1.2500 - 1.2375 with an extension towards 1.175 (provided monthly close below 1.2500)
If price rejected 1.2500 - thus a potential rebound towards 1.2625 - 1.2750 as long as the price closes above 1.2650.
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