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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 Forecast to Continue Declines versus USD

British Pound Forecast to Continue Declines versus USD

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GBPUSDRetail FX traders remain net-long the British Pound since it traded below $1.65 in early September, and until that changes we will maintain our contrarian call for further GBP weakness.

Trade Implications – GBPUSD: A noteworthy shift in positions since last week moderates our GBP-bearish trading bias somewhat; total long positions have fallen 15 percent while short positions are up 20 percent. Yet that leaves the balance at approximately 60 percent long. Until we see a lasting shift we’ll sell Sterling bounces.

See next currency section:USDJPY - Yen is Clearly Oversold, but we expect further Weakness

--- Written by David Rodriguez, Quantitative Strategist for

British Pound Forecast to Continue Declines versus USD

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