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
British Pound Breakdown Might be the Real Deal

British Pound Breakdown Might be the Real Deal

David Rodriguez, Head of Product
British Pound Breakdown Might be the Real Deal

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

GBPUSD A noteworthy pullback in the British Pound has been met with a potentially significant shift in crowd positions. We might soon turn in favor of selling into GBPUSD losses.

Trade Implications – GBPUSD: We have mostly called for Sterling gains as a contrarian view of retail FX positions favored GBP rallies; the majority of traders have remained short since it traded above $1.55 through early 2013. Yet open long positions have surged 55 percent since last week, while short positions have fallen 33 percent.

We might be at an important inflection point for the Sterling, and a sustained move below $1.70 would leave us in favor of selling any short-term rallies.

See next currency section:USDJPY - Data Accurately Predicted USDJPY Bounce, Now What?

--- Written by David Rodriguez, Quantitative Strategist for

British Pound Breakdown Might be the Real Deal

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

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