07/30/2015 – British Pound

Issued: 07/28/2015

September British found:

1. Any further test and hourly or especially daily close below $156.25/$.35 in the September British pound will indicate new short entry for a tradable multi-day decline and test/attempt at $155.30/$.25 (or lower) into late this week/early next (week of August 3).

2. Once short, partial short position exit should be taken at/near $155.80 and the remaining position held for a final downside target at/near $155.30/$.25.

3. Will update in tomorrow’s (Wednesday, July 29) session as the market continues to confirm.

David Williams

Issued: 07/30/2015

September British found:

1. Our previous September British pound report indicated that any further test and hourly or especially daily close below $156.25/$.35 in the September British pound would indicate new short entry for a tradable multi-day decline and test/attempt at $155.30/$.25 (or lower) into late this week/early next (week of August 3).

2. Yesterday’s (Wednesday, July 29) September British pound session tested and closed below the $156.25/$35 level, indicating new short entry.

3. Once short, partial short position exit should be taken at/near $155.80 and the remaining position held for a final downside target at/near $155.30/$.25.

3. Our protective buy stop has been placed at $156.46. This stop will be moved lower as the market continues to confirm.

David Williams

Issued: 07/30/2015

September British found:

1. Our previous September British pound report indicated that any further test and hourly or especially daily close below $156.25/$.35 in the September British pound would indicate new short entry for a tradable multi-day decline and test/attempt at $155.30/$.25 (or lower) into late this week/early next (week of August 3).

2. Yesterday’s (Wednesday, July 29) September British pound session tested and closed below the $156.25/$35 level, indicating new short entry.

3. Partial short position exit was taken at/near $155.80 today (Thursday, July 30) and the remaining position held for a final downside target at/near $155.30/$.25.

3. Further short position exit should be taken at/near $155.55.

4. Our protective buy stop has been lowered to $156.25. This stop will be moved lower as the market continues to confirm.

David Williams

Issued: 07/31/2015

September British found:

1. Our previous September British pound report indicated new short entry at $156.02 (upon daily close) for a tradable multi-day decline and test/attempt at $155.30/$.25 (or lower) into late this week/early next (week of August 3).

3. Partial short position exit was taken at/near $155.80 on Thursday, July 30 and further short position exit was taken at/near $155.55.

4. Today, Friday, July 31 our protective buy stop at $156.25 was hit, resulting in a reasonably small but successful trade. Will message any further entry or indication in the September British pound.

David Williams