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.
Wednesday, January 13, 2010
Long Over?
I know it is still early in the evening but the movement looks quite weak and I think I have a count that shows it is over. A break of 1.62633 should be strong confirmation of the short movement resumption
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