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 14, 2009
Update 06:17 am
Just a quick update. I believe the short pull back that happened overnight was a second wave ii (circle) of the long move. I expect wave iii to reach at least 1.6352 before it decides to correct in wave iv (circle).
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