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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
FOREX ANALYSIS: British Pound at Potential Sentiment Extreme

FOREX ANALYSIS: British Pound at Potential Sentiment Extreme

David Rodriguez, Head of Product
ssi_gbp-usd_body_Picture_8.png, FOREX ANALYSIS: British Pound at Potential Sentiment Extreme

GBPUSD – Retail FX traders are now their most aggressively net-short the British Pound against the US Dollar (ticker: USDOLLAR) since it last traded at $1.63 in May, and our contrarian trading strategies have continued to buy into GBPUSD gains.

There is always risk that such one-sided sentiment may represent an important sentiment extreme and potential turning point. Yet major tops or bottoms are only clear in hindsight, and indeed the British Pound’s break above key resistance leaves further highs as near-term targets.

--- Written by David Rodriguez, Quantitative Strategist for

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at

Facebook at

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