|pps||pps open||upper pivot||lower pivot|
|EUR/USD US$1.25384||US$1.2236 jul01||US$1.2510||US$1.1602|
|GBP/USD US$1.5073||US$1.4943 jul01||US$1.5266||US$1.4021|
|EUR/JPY ¥111.43||¥110.03 jul06||¥112.46||¥103.05|
|USD/CAD C$1.0338||C$1.0543 jul07||US$1.1024||US$1.0291|
The pound's switch into bear phase against the dollar accompanied a sharp decline through the pps moving averages, and trading today has been entirely below the ma levels, although almost all of an early decline has been retraced this morning.
The preceding bull phase was short-lived -- it began on July 1 -- and carried the price up only 1.5% during its lifetime.
Person's Monthly Pivots
- $1.5266, +1.3% (upper)
- $1.5073 <== You are here.
- $1.4805, -1.8% (midline)
- $1.4021, -7.0% (lower)
Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.