British Pound Likely Trades Lower for These Reasons
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Trade Implications – GBPUSD: The recent Sterling rally put some doubts on our earlier calls for a material turn lower, but a hold below key resistance at $1.6685 leaves our technical bias bearish. Our crowd sentiment indicator likewise suggests GBPUSD could test fresh lows.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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 http://www.twitter.com/DRodriguezFX