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.
Tuesday, January 12, 2010
Latest and greatest
I keep counting the move but I'm also keeping in mind technicals even though it broke 1.6180 that does not signal a new strong long movement. I believe we are in the 5th of a 5th wave. The long correction is SOOOO close to being over. a break short of 1.61356 should be sufficient conformation of this outlook.
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