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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 Forecast Calls for Further Weakness

British Pound Forecast Calls for Further Weakness

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GBPUSDIndecisive moves in the British Pound have led to similarly indecisive trading crowd sentiment. Yet our data shows retail traders remain net-long the GBPUSD, and a contrarian view leaves us looking for further declines.

Trade Implications – GBPUSD: Until we see a sustained shift towards British Pound selling we will continue to call for GBP weakness. Indeed, crowds remain net-long from when it traded below $1.62 in October.

See next currency section:USDJPY - Japanese Yen Downtrend Remains Intact

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

British Pound Forecast Calls for Further Weakness

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