Cable (GBP/USD) has now dropped to 1.3026[3] and briefly traded as low as 1.2999[4] earlier today as over 74% of retail traders are now long according to the Speculative Sentiment Index (SSI).
As I mentioned previously, SSI is a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that GBP/USD may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.
- Forums
- Forex
- gbp v usd down 11%
Cable (GBP/USD) has now dropped to 1.3026[3] and briefly traded...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBP (FOREX) to my watchlist
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online