The Sep'09 British Pound jumped higher and is pressing the extreme. Key off the 17008 Inflection Pivot today for an indication of the session tone. Below here the currency is vulnerable to a drop back into a digestive trade down to 16694 on any hard hit. Be patient. This is the low point for any selling if the positive momentum is going to pick back up. A failure here and the aggressive buying takes a break down to 16263.
A trade above 17008 will have the contract in a euphoric state. Respect the bid but accept REVERSAL signals off 17008. 17147 and 17364 are the targets for any new gains today and good points to employ exhaustive sell strategies. 17569 is the upper extreme.
JS
This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.
No comments:
Post a Comment