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, April 5, 2010
Last Push Long
Well it did not retrace as deep as I thought it would but it is making the ending diagonal. Looks like it is goingto be shallower on both ends then I thought. I am looking for the GBP to make a new high above 1.5319 and then resume the short move.
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