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.
Wednesday, May 12, 2010
Looking for a new low.
I am still looking for a new low below 1.4474. Nothing in the movment sicne 5/7/2010 negates that outlook. The whole move up was corrective. The cable is still under pressure.
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