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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
British Pound Likely to Trade to Fresh Peaks

British Pound Likely to Trade to Fresh Peaks

David Rodriguez, Head of Product
British Pound Likely to Trade to Fresh Peaks

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

GBPUSD Forex trading crowds are their most short the British Pound since it set an important top through early March. Yet continued selling leaves us steadily in favor of further GBPUSD gains.

Trade Implications – GBPUSD: A break to fresh five-year highs leaves short-term GBP targets at $1.6985 and the post-financial crisis peak of $1.7042. And though price momentum is clearly slow, one-sided retail sentiment keeps focus to the topside.

See next currency section:USDJPY - US Dollar Forecast to Decline versus Japanese Yen

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

British Pound Likely to Trade to Fresh Peaks

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

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

DISCLOSURES