This blog is dedicated to my analysis of the GBPUSD currency pair. My primary analysis tool is Elliott wave theory in combination with a proprietary moving average (Jurik JMA) and a custom MACD setting. I make updates as warranted.
IMPORTANT NOTE: I use a dot in front of the number or letter to denote the character is in a circle, per correct wave notation.
Thursday, December 31, 2009
1.6250 min target
The current run up should make it to at least 1.6247 as min target. It is quite possible it could go as far as 1.6325 before it finishes this {iii} wave long.
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