We sold cable last week at 1.2955 and sterling did falter below resistance at 1.2991 and retreated, we then lowered our stop to 1.2910, however, the British pound found good support at 1.2844 and has rebounded, our lowered stop at 1.2910 were tripped with 45 points profit.
A short position was also entered in EUR/JPY, however, the single currency found good support at 123.31 and has risen again today, the position was stopped at 124.55 and the pair resumed recent upmove.
No position was entered among other currency pairs.
In short, 2 positions were entered last week with total loss of 10 points and the positions are listed below.
9 May : EUR/JPY – Short at 124.00, exited at 124.55 ( – 55 points )
10 May : GBP/USD – Short at 1.2955, exited at 1.2910 (+ 45 points)
| AUD EUR/JPY EUR/GBP CAD GBP GBPJPY
Jan – 15 -275 – 35 -120
Feb + 140 -17 – 40 +11
Mar – 20 +115 +132 – 19
Apr + 30 – 40 +120 + 45
May – 55 +45
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Y-T-D + 135 – 232 + 17 + 158 +45 + 45
