GBP/USD (Monthly wave analysis, December 2008)

Supposedly in the framework of scenario 1 a downward zigzag structure is developing. If this is the case the weakening of USD (the rise of GBP/USD) should be expected in the near term.

Which of the variants given in the forecast the price will choose depends on the height of the expected price rise.

For more detailed wave counting on smaller time-frames and parameters of possible trading plans refer to daily reports.

Reference

• The review of the bigger Time-Frames (Annual Wave Analysis, 2008)
• The Review of the Bigger Time-Frames (IV quarter of 2008)
• EUR/USD (Annual Wave Analysis, 2008)
• GBP/USD (Annual Wave Analysis, 2008)
• USD/JPY (Annual Wave Analysis, 2008)
• USD/CHF (Annual Wave Analysis, 2008)

• Monthly wave analysis, December 2008
• EUR/USD, Monthly wave analysis, December 2008
• USD/JPY, Monthly Wave Analysis, December 2008
• USD/CHF, Monthly Wave Analysis, December 2008

• Wave Analysis
• Methods of Price Movement Projection (EWA)
• How to Apply EWA Forecasts

Dmitry Voznuy
forDmitry@yahoo.com

November 30, 2008

When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.