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British Pound Forecast Gets Downgraded - Watch for Declines

By , Quantitative Strategist
27 June 2013 14:20 GMT
ssi_gbp-usd_body_Picture_13.png, British Pound Forecast Gets Downgraded - Watch for Declines

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

ssi_gbp-usd_body_1a_1.png, British Pound Forecast Gets Downgraded - Watch for Declines

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27 June 2013 14:20 GMT