Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
GBPUSD –Indecisive moves in the British Pound have led to similarly indecisive trading crowd sentiment. Yet our data shows retail traders remain net-long the GBPUSD, and a contrarian view leaves us looking for further declines.
Trade Implications – GBPUSD: Until we see a sustained shift towards British Pound selling we will continue to call for GBP weakness. Indeed, crowds remain net-long from when it traded below $1.62 in October.
See next currency section:USDJPY - Japanese Yen Downtrend Remains Intact
--- 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
original source
