02/02/2016 – British Pound

Issued: 02/02/2016

March British pound:

1. Aggressive only: Any 2 hour or especially daily close above $144.35 in the March British pound will indicate further advance and test/attempt at $144.85 (or higher) initial upside target into Thursday, February 4 (+/-1 day).

2. Once long, a protective sell stop should be placed at $143.88. This stop will be moved higher as the market continues to confirm.

3. Aggressive only: Further, any touch and 2 hour close above $143.60 will indicate new long entry for the above noted advance.

4. Once long, a protective sell stop should be placed at $143.18. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 02/03/2016

March British pound:

1. Yesterday’s (Tuesday, February 2) March British pound report noted that any 2 hour or especially daily close above $144.35 in the March British pound will indicate further advance and test/attempt at $144.85 (or higher) initial upside target into Thursday, February 4 (+/-1 day).

2. Today’s (Wednesday, February 3) March British pound advance powerfully and broke out above the $144.35 level and completed the $144.85 upside profit target.

3. Further long position exits should be taken at current prices (current price $145.35).

4. Our protective stop has been moved up to $144.68. This stop will continue to be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 02/03/2016

March British pound:

1. Yesterday’s (Tuesday, February 2) March British pound report noted that any 2 hour or especially daily close above $144.35 in the March British pound will indicate further advance and test/attempt at $144.85 (or higher) initial upside target into Thursday, February 4 (+/-1 day).

2. Today’s (Wednesday, February 3) March British pound advance powerfully and broke out above the $144.35 level and completed the $144.85 upside profit target.

3. Further long position exits were taken at current prices (current price $145.35).

4. Final long position exits should be taken at current prices (current price $145.63). This successfully completes the trade. Will message any further entry or indication in the March British pound.

David Williams