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Forex pairs in this Article » GBP/USD
ssi_gbp-usd_body_Picture_11.png, British Pound May Offer Attractive Opportunity to Buy the DipReceive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

GBPUSD – Retail FX traders remain steadily short the British Pound against the US Dollar, and a contrarian view of crowd sentiment favors continued GBPUSD gains.

Trade Implications – GBPUSD: There are currently over 3 retail positions short the British Pound for every one that is long, and indeed the majority of traders have remained short since the pair traded near $1.5150 in July. A hold of a key trendline leaves our technical forecast in favor of continued GBPUSD strength.

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