Sentiment-Based Strategies Continue Selling GBPUSD
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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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.