04/10/2014 – British Pound

Issued: 04/10/2014

June British pound, latest update:

1. The June British pound recently advanced powerfully and topped out on Wed., April 10 at $168.12.

2. Watch the current decline off the Wed., April 10 price high for any test/attempt at $167.16 – $167.05 on the downside into early next week. How the market handles any such test will be important and may prompt new entry. Will update.

David Williams

Issued: 04/11/2014

June British pound, previous update:

2. Watch the current decline off the Wed., April 10 price high for any test/attempt at $167.16 – $167.05 on the downside into early next week. How the market handles any such test will be important and may prompt new entry. Will update

Latest update:

1. Today’s June British pound continued on the decline off the April 10 top and completed the $167.16 – $167.05 downside target noted in the previous update (today’s session low, $167.10, so far).

2. This is an important downside completion which may prompt new entry in next week’s early session. Will update.

David Williams

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.