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
More View more
Key Reason British Pound Might Head Higher

Key Reason British Pound Might Head Higher

David Rodriguez, Head of Product
ssi_gbp-usd_body_Picture_10.png, Key Reason British Pound Might Head Higher

GBPUSD – Extremely one-sided forex trading crowd sentiment suggests that the British Pound may have set a noteworthy low, and indeed we see risks of a broader US Dollar pullback (GBPUSD bounce).

Trade Implications – GBPUSD: Past performance is not indicative of future results, but our Momentum2/”Tidal Shift” strategy has done well trading the GBPUSD through recent price action. That system remains short from $1.5100 and is floating a respectable profit. But we’re wary of jumping into fresh GBPUSD-short positions as there’s clear risk of a short-term sentiment extreme and a similarly significant GBPUSD bounce.

--- Written by David Rodriguez, Quantitative Strategist for

ssi_gbp-usd_body_Picture_11.png, Key Reason British Pound Might Head Higher

Automate our SSI-based trading strategies via Mirror Trader free of charge

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

Contact David via

Twitter at

Facebook at

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