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, March 21, 2010
Not Sure?
My current count has the pair continuing long. 1.49763 is a critical point at the moment and it is extremely close to breaking it. I am waiting to see if this point is broken. If it does not break then my current count will remain valid. Once I feel I have a strong handle on it I will make another post along with a chart. A break of 1.49763 does not necessarily invalidate a long move I will just have to reassess my current count. I will make another post as soon as the movement warrants it.
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