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.
Sunday, January 3, 2010
Slight revision
When this current short movement finds its bottom near 1.6060 I am NOT looking for a sideways movement as I had previously stated. I am looking for 5 waves in the long direction. I think a good first target when the long begins will be 1.6300
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