GBP/USD: Weekly Long Positions Soar 24% to a 6-Month High
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.
After closing at its highest since July 2017, USD/SGD is overshadowed by a bearish warning sign. Meanwhile, a last line of defense is keeping the dominant uptrend in USD/PHP intact.