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.
Monday, February 1, 2010
Quick Update
Based on the current movement, don't be surprised if the retrace is much shallower than I previously stated. Perhaps the max retrace point will be 1.5920. Either way I think the trend is long.
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