FxWirePro- GRTUSD (Chart of the day)

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GRTUSD performed well in the past four days.

Any daily close above $0.225 confirms further bullishness.

GRTUSD gained more than 40% in the past six weeks. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.1950 and is currently trading around $0.1934.

The bullish invalidation can happen if the pair closes below $0.140. On the lower side, the near-term support is $0.180. Any break below targets $0.15/$0.14.

The immediate resistance stands at around $0.2250. Any breach above confirms bullish continuation. A jump to $0.25/$0.30 is possible. A surge past $0.35 will take it to $0.50.

It is good to buy on dips around $0.150 with SL around $0.100 for TP of $0.30.

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