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, March 29, 2010
Small push long and then retrace
Just like the title says. I think it could push to 1.5030 and then significantly retrace the long move that began at 1.4800. After those moves, it will make a new high. Too tired to post a chart
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