![](https://media.dailyfx.com/illustrations/2015/12/03/ssi_gbp-usd_body_Picture_5.png)
Why and how do we use the SSI in trading? View our video and download the free indicator here
GBPUSD – Retail FX traders have bought aggressively into British Pound declines versus the US Dollar, and a contrarian view of crowd sentiment warns that the pair may yet continue lower. Indeed, the number of outstanding GBP/USD-long positions outnumber those short by an impressive 1.8 to 1; this is the most extreme reading since the pair tumbled through early November.
We will need to see a substantive turn towards GBP-selling to change our bearish contrarian trading bias.
See next currency section: USDCAD - US Dollar Remains in Control versus Canadian Dollar
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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