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DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

SSI: The Speculative Sentiment Index

Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

The SSI is reported Every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS.


British Pound Remains at Risk for Key Reasons

British Pound Remains at Risk for Key Reasons

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GBPUSD Retail forex traders remain heavily long the British Pound versus the US Dollar, and until that changes we’ll remain in favor of further Sterling weakness.

Trade Implications – GBPUSD: Last week we highlighted key reasons that the GBPUSD may reverse and turn higher. Yet we haven’t seen the material shift in trader sentiment and positions necessary to confirm a price extreme. Our Senior Technical Strategist highlights key support at $1.6565 as a potential price floor, and we would need to see a rally above $1.6737 for a realistic chance at a larger turn higher.

See next currency section:USDJPY - Could Finally be Start of US Dollar Breakout vs Yen

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

British Pound Remains at Risk for Key Reasons

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