British Pound Forecast to Continue Declines versus USD
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Trade Implications – GBPUSD: A noteworthy shift in positions since last week moderates our GBP-bearish trading bias somewhat; total long positions have fallen 15 percent while short positions are up 20 percent. Yet that leaves the balance at approximately 60 percent long. Until we see a lasting shift we’ll sell Sterling bounces.
See next currency section:USDJPY - Yen is Clearly Oversold, but we expect further Weakness
--- 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