Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Trade Implications – GBPUSD: Slowing upward momentum warns that British Pound gains might come more gradually, but our trading forecast remains in favor of gains as long as ‘the herd’ continues selling. Feasible topside targets include 2009 reaction highs near $1.6877 and $1.6985.
See next currency section:USDJPY - US Dollar Remains at Risk versus the Japanese Yen
--- 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