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 continues to sell the GBPUSD as it hits fresh lows, 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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View how to automate the high-volatility Breakout2 Trading System via our previous article and webinar recording.
Auto trade the trend reversal-trading Momentum2system via our previous article and webinar recording.
Trade with strong trends via our Momentum1 Trading System and view an archived webinar
Use our counter-trend Range2 Trading system and view an archived webinar guide on automation
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