GBPUSD – A massive shift seen in retail forex trading crowd sentiment leaves us firmly in favor of further GBPUSD declines.
Trade Implications – GBPUSD: Our Momentum2/”Tidal Shift” strategy most recently sold GBPUSD from $1.5377, and I think the position makes sense as high volatility expectations leave scope for further US Dollar strength.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
Download all of our Sentiment-based trading strategies free via an ongoing promo on FXCMApps.com
To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.
Contact David via
Twitter at http://www.twitter.com/DRodriguezFX
Facebook at http://www.Facebook.com/DRodriguezFX