Issued: 03/14/2016
June British pound:
1. As noted in today’s (Monday, March 14) Williams edge live meeting, the June British pound (currently trading at approximately $143.00) is expected to move lower and test/attempt $142.60/$.50 (or lower) into Wednesday, March 16 (+/-1 day).
2. Therefore, new short entries are indicated. A protective buy stop should be placed at $143.45. This stop will be moved lower as the market continues to confirm.
Issued: 03/15/2016
June British pound:
1. As noted in Monday’s, March 14 Williams edge live meeting, the June British pound (then trading at approximately $143.00) was expected to move lower and test/attempt $142.60/$.50 (or lower) into Wednesday, March 16 (+/-1 day).
2. Therefore, new short entries were indicated. A protective buy stop was placed at $143.45.
3. Today, Tuesday, March 15 the June British pound declined sharply and completed the $142.60/$.50 initial downside target (today’s session low, $141.50, so far).
4. Final short position exits should be taken at current prices (current price,, $141.90). This completes the forecast/trade. Will message any further entry or indication in the June British pound.
David Williams