The chart is set up for that. We will have to wait to see what develops.
I suspect there might be strong buying resistance closer the price gets to 1.5.
After a strong spike that we just had, there will be a lot of buyers hoping for repeat.
Depending on the sentiment, if we get there.
Market may reject TA set up as buyers overwhelm sellers.
But from looking purely @ TA set up, I would suspect for 1.5 to get taken out.
To 1.425 or whatever resistance is. Can't remember of top of my head
GXY Price at posting:
$1.85 Sentiment: None Disclosure: Not Held