Daytrader22

Daytrader22

With the expecting growing strength of the USD, I believe we're in a downward channel with a great Short opportunity.

Daytrader22

If it doesn't go down from it's current price, we may see another short rally to the next trend line.

Daytrader22

What we can expect leading into the first half of January of 2014

Daytrader22

I believe we're going to see GBP/USD head back to the ceiling of ~1.64000

Daytrader22

Waiting for target price area to begin my short

Daytrader22

How far is the question

Daytrader22

News could also trump technical analysis, for instance if the RBA decides to step in to lower the currency value.

Daytrader22

AUD must break and hold the current resistance area of .906 however, if it does I expect a rally to the next support area of .9116

Daytrader22

As shown in the chart, I believe there's a good chance of a temprorary rally than a continuation of the downward channel.

Daytrader22

I believe we may see a bounce to the .820 - .825 before going lower.

Daytrader22

Probably going to hit support ~ .81000

Daytrader22

Downward channel finally breaks, but with slow momentum.

Daytrader22

Aussie continuing downward channel as shown in my notes.

Daytrader22

IMO we will see a short opportunity followed by a rally

Daytrader22

This chart was published with errors, I created a second one that is more accurate with the 3 drivers and price targets. Please disregard this one for once a chart is published, it cannot be deleted.

Daytrader22

A very short pullback to 17.50, than back up, most likely busting the upper trend line