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, January 7, 2010
Quick note 2
After doing some measurements. I think a likely retrace point will be 1.5990 before the short resumes. I will try and message this number as more information developes. Once in that general area I would expect the short to resume.
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