GBPUSD – Retail FX traders remain aggressively long the British Pound against the US Dollar, and our sentiment-based trading strategies continue selling GBPUSD weakness.
Trade Implications – GBPUSD: Our volatility-friendly Breakout strategy has proven particularly effective at selling GBPUSD weakness, while the trend-following Momentum1 and Momentum2 systems have likewise latched onto GBP declines. We believe these systems may continue to do well as crowds show few signs of capitulation, and indeed the strong downtrend has yet to show any real signs of letting up.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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Trade with the purely SSI-based Momentum1 strategy: article, webinar recording
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Automate the our high-volatility sentiment trading Breakout2 strategy: article and webinar recording.
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