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.
Monday, December 21, 2009
Still Correcting
Looks like we are still in a corrective phase. The current structure suggests a zigzag. I would expect it to move long now to about 1.6200 to complete {ii} before the short resumes.
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