British Pound May Continue Higher
The ratio of long to short positions in the GBPUSD stands at -1.45 as nearly 59% of traders are short. This is a large shift as short positions have more than doubled at +109.9% in the past 7 days. All the while, long positions are 31.0% lower than they were seven days ago, and it’s clear that sentiment has shifted considerably. We take a contrarian bullish bias on the GBPUSD
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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