This guy is very good used him a few times This is GXY ;-)Looks...

This guy is very good used him a few times This is GXY ;-)

Looks like it wants to test the BLUE downtrend line. Once it does, it will prob fall back to 0.66 or so before surging upwards a wee bit. First upward move toward 1.0 or so, then it'll get interesting I think.
Circled is the wee gap created to break the downtrend. It would be logical to expect this gap filled before breakout occurs.

The interesting this is when the BLUE downtrend is breached, there is potential for a target level of around 1.8 for movement one.

http://screencast.com/t/7xlLHHMk7Mc

http://myprophecy.co.uk/