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
Short
The point was broken and the short seems to be the trend. A break of 1.4870 should seal the deal. Once that is breached a run down to 1.4320 is possible. Of course along the way there will be significant retraces.
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