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