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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 and twice every trading day inside DailyFX PLUS.

British Pound Gains are Slowing but Not Likely Over

ssi_gbp-usd_body_Picture_15.png, British Pound Gains are Slowing but Not Likely Over

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GBPUSD Retail forex trading crowds are extremely short the British Pound versus the US Dollar, and a contrarian view of crowd sentiment suggests the GBPUSD may continue to fresh highs.

Trade Implications – GBPUSD: Slowing upward momentum warns that British Pound gains might come more gradually, but our trading forecast remains in favor of gains as long as ‘the herd’ continues selling. Feasible topside targets include 2009 reaction highs near $1.6877 and $1.6985.

See next currency section:USDJPY - US Dollar Remains at Risk versus the Japanese Yen

--- Written by David Rodriguez, Quantitative Strategist for

ssi_gbp-usd_body_Picture_16.png, British Pound Gains are Slowing but Not Likely Over

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