The long positions entered in cable at 1.2215 in the previous week was stopped at 1.2180 and although sterling extended weakness to 1.2109, decent demand emerged there and the British pound finally staged the anticipated rally from there to even above 1.2400 level late last week.
Another long position was entered in EUR/USD at 1.0640, however, the retreat from 1.0713 was just a bit deeper than expected, the position was stopped at 1.0610 before the single currency finding renewed buying interest and rallied as suggested to as high as 1.0782 on Friday.
In short, 2 positions were entered among all 4 currency pairs with total loss of 65 points and the positions are listed below:
13 Mar: GBP/USD – Long at 1.2215, exited at 1.2180 (- 35 points)
14 Mar: EUR/USD – Long at 1.0640, exited at 1.0610 (- 30 points)
| JPY EUR CHF GBP
Jan + 167 – 85 – 10 + 50
Feb + 200 +150 +93 – 59
Mar -8 -35 0 – 35
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Y-T-D + 359 + 25 +83 -44
