Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
British Pound Outlook Unclear vs. Yen

British Pound Outlook Unclear vs. Yen

David Rodriguez, Head of Product
ssi_gbp-jpy_body_Picture_1.png, British Pound Outlook Unclear vs. Yen

GBPJPY – The British Pound continues to strengthen against the US Dollar and Japanese Yen. Yet relatively neutral retail trading crowd sentiment suggests that a major move higher remains somewhat unlikely. Our Speculative Sentiment Index shows there are 1.35 traders short for every one long. We would ideally see a stronger bias before making a forecast with more conviction, and indeed it seems entirely possible that the pair continues its recent consolidation pattern between ¥128 and ¥132.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

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

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to drodriguez@dailyfx.com; Contact David via Twitter at http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES