British Pound Rallies Offer Short Opportunities


View photo

ssi_gbp-usd_body_Picture_8.png, British Pound Rallies Offer Short Opportunities

GBPUSD – Retail FX traders remain long the British Pound against the US Dollar (ticker: USDOLLAR), but recent GBPUSD consolidation has produced similarly sideways moves in crowd sentiment and positioning. Crowds remain near their most net-long GBPUSD since the pair last traded towards multi-year lows at $1.53. Yet long interest has fallen 19 percent since last week.

Trade Implications – GBPUSD: Our sentiment-based trading strategies have closed their British Pound short positions. They will once again sell if and when we see a build in crowd long positions and a break lower.

--- Written by David Rodriguez, Quantitative Strategist for

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at

Facebook at

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)