Forex GBP/USD 28th Dec 2007 prt 2



GBP reversed down from upper channel on Friday, and expectation of rotating back down is to re-test the 3-day high break and 5-day 50% level.

These levels are extremely important for any upside move next week, because a bullish currency should test and bounce off these levels, and then begin a swing back towards January 50% levels.

We can see the Shift in 'Time' and the potential downside if there is any more weakness next month based on market dynamics:- December support disappears