08/17/2015 – British Pound

Issued: 08/10/2015

September British pound:

1. Continued hourly and especially a daily close below $156.05/$.25 in the September British pound will place the market into a ‘Sell’ position for a multi-day decline and test/attempt at $154.95/$.90 (or lower) into Thursday, August 13 (+/- 1 day).

2. Will message any such entry in tomorrow’s (Tuesday, August 11) session as the market continues to confirm. Will update.

David Williams

Issued: 08/17/2015

September British pound:

1. Aggressive longs from $156.50 in the September British pound were stopped out today (Monday, August 17) at $155.95 resulting in a loss on the entire position. This is an unusual development and may prompt new short entry. Will update as the market continues to confirm.

David Williams

Issued: 08/14/2015

September British pound:

1. Our previous September British pound report indicated that continued hourly and especially a daily close below $156.05/$.25 in the September British pound would place the market into a ‘Sell’ position for a multi-day decline and test/attempt at $154.95/$.90 (or lower) into Thursday, August 13 (+/- 1 day).

2. Although the British pound tested and closed below $156.25, the market remained inside the current uptrend, prompting extra caution on our part regarding new short entry.

3. Aggressive can go long the September British pound at current prices (current price, $156.50). All others should go long at $156.68.

4. Initial long position exit should be taken at/near $156.92. The remaining position should be held for a test/attempt at $158.10 (or higher).

5. Our protective stop is at $155.75. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 08/14/2015

September British pound:

1. Aggressive longs in the September British pound should move there protective sell stop up $155.95. This stop will be moved higher as the market continues to confirm. Will update.

David Williams