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Forex pairs in this Article » GBP/USD
ssi_gbp-usd_body_Picture_10.png, British Pound Surges, We’re Bullish Above Key HighsReceive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

GBPUSD – Forex trading crowds have sold aggressively into the British Pound’s most recent surge versus the US Dollar, and our contrarian sentiment-based trading strategies have bought into GBPUSD gains.

Trade Implications – GBPUSD: Past performance is NOT indicative of future results, but our SSI-based Momentum2 strategy has done well trading the GBP through its run towards yearly peaks. The system recently went long from $1.6087 and said position remains attractive as long as we remain above a key short-term pivot at Wednesday’s GBPUSD high.

--- Written by David Rodriguez, Quantitative Strategist for

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