GBPUSD Prices May Rise Despite Net-Long Positions
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
The Nikkei 225 has fallen into a support zone whose lower limit is this year’s low. For the moment that looks safe, but bulls have work to do
Yesterday, precious metals reversed on the Fed meeting, still have some positives short-term, but that could change if reversals start leading to follow-through.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.