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 20, 2010
Still correcting short
Current move will retrace long to 1.6320 to 1.6340 zone and then resume short to approximately 1.6100. From there it will move long angain to new highs above 1.6457
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