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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 is an Attractive Buy on Dips

British Pound is an Attractive Buy on Dips

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GBPUSD Most retail forex traders remain short the British Pound against the US Dollar, and heavily one-sided sentiment suggests the pair could continue onto fresh highs.

Trade Implications – GBPUSD: The low-volatility environment makes a substantial GBP move relatively unlikely, but until we see a material shift in crowd positions we’ll remain in favor of Sterling strength. Our Senior Technical Strategist eyes $1.7300 as the next level of significant price resistance.

See next currency section:USDJPY - Dollar Looks like a Buy versus the Japanese Yen

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

British Pound is an Attractive Buy on Dips

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