- Cable to bull phase against the U.S. dollar.
|pps||pps open||upper pivot||lower pivot|
|EUR/USD US$1.2944||US$1.2879 jul21||US$1.2510||US$1.1602|
|GBP/USD US$1.5477||US$1.5258 jul23||US$1.5266||US$1.4021|
|EUR/JPY ¥113.07||¥112.69 jul21||¥112.46||¥103.05|
|USD/CAD C$1.0320||C$1.0488 jul22||C$1.1024||C$1.0291|
|USD/MXN Mex$12.7295||Mex$12.8693 jul22||Mex$13.4288||Mex$12.5516|
The GBP/USD bull signal kicked in late in the U.S. market day on Friday and followed a two-day bearish whipsaw.
The price of the pair has been essentially sideways since July 15.
Today's opening price is well above the Person's upper pivot and in trading rose above the high set in the July 15 rise. However, it quickly retraced to within the July 15 range.
The preceding bear phase carried the price down 0.03%; essentially a wash, and probably a loss once the spreads are accounted for.
Person's Monthly Pivots
- US$1.5477 <== You are here.
- US$1.5266, -1.4% (upper)
- US$1.4825, -4.2% (midline)
- US$1.4021, -9.4% (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.