Skip to content
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
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
British Pound Likely to Depreciate through Near-Term Trading

British Pound Likely to Depreciate through Near-Term Trading

David Rodriguez, Head of Product

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

GBPUSD Retail FX trading crowds continue buying aggressively into British Pound weakness, and a contrarian view of ‘herd’ sentiment keeps us watching for further GBP declines.

Trade Implications – GBPUSD: Our trader sample shows that GBPUSD long positions outnumber short positions by 2 to 1—nearly 70 percent long. Such clearly one-sided sentiment often coincides with important turns in price action, but those sentiment extremes are only clear in hindsight.

We will remain focused on British Pound selling opportunities absent a material change in positions.

See next currency section: USDJPY - Japanese Yen Could Claw Back Losses versus US Dollar

--- 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

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

DISCLOSURES