07/27/2015 – British Pound

Issued: 07/22/2015

September British pound:

1. Any hourly or especially daily close above $156.35 in the September British pound will place the market into a ‘Buy’ position for further advance and test/attempt at $157.08 or higher.

2. Once long, initial exit should be taken at/near $156.65.

3. Will message protective sell stop and other pertinent information once the market confirms as noted above.

David Williams

Issued: 07/27/2015

September British pound:

1. Our Wednesday, July 22 Williams edge live meeting indicated that any hourly or daily close below $155.50 in the September British pound would indicate new short entry. However, our downside target of $154.60 was inadvertently not noted in the meeting.

2. Subsequently, the September British pound closed both hourly and daily below $155.50, indicating new short entry. Friday’s (July 24) session low was $154.61 which completes the (nonpublished) $154.60 downside target.

3. During Friday’s (July 24) live meeting those short based upon the above were instructed to take partial or final exit at the then current price at $154.87.

4. Those aggressive traders holding for the possibility of lower prices were stopped out today (Monday, July 27) at $155.27, resulting in a successful trade.

David Williams

Issued: 07/24/2015

September British pound:

1. Our previous September British pound report indicated that any hourly or especially daily close above $156.35 in the September British pound would place the market into a ‘Buy’ position for further advance and test/attempt at $157.08 or higher.

2. Additionally, our Wednesday, July 22 Williams edge live meeting indicated that any hourly or daily close below $155.50 would indicate new short entry. However, the downside target of $154.60 was inadvertently not noted in the meeting.

3. Subsequently, the September British pound closed both hourly and daily below $155.50, indicating new short entry. Today’s session low was $154.61 which completes the (nonpublished) $154.60 downside target.

4. Therefore, those short based upon the above should take partial exit at current prices or exit the entire position at current prices (current price, $154.87).

5. Those aggressive traders holding for the possibility of lower prices should place a protective buy stop at $155.27. This stop will be moved lower as the market continues to confirm. Will update

David Williams