Normal
The Speculative Sentiment Index (SSI) readings for GBP/USD suggest the pair could be headed lower.SSI is a contrarian indicator to price action, and the fact that the majority of traders are long cable signals it could have further to drop. The trading crowd has grown further net-long from yesterday and last week.[ATTACH=full]83131[/ATTACH]Past performance is not necessarily indicative of future results.The ratio of long to short positions in the GBP/USD stands at 1.56 (or 1.56 long positions for every short position among retail traders) as 61% of traders are long. Yesterday the ratio was 1.52 as 60% of open positions were long.The combination of current sentiment and recent changes gives a further bearish trading bias.
The Speculative Sentiment Index (SSI) readings for GBP/USD suggest the pair could be headed lower.
SSI is a contrarian indicator to price action, and the fact that the majority of traders are long cable signals it could have further to drop. The trading crowd has grown further net-long from yesterday and last week.
[ATTACH=full]83131[/ATTACH]
Past performance is not necessarily indicative of future results.
The ratio of long to short positions in the GBP/USD stands at 1.56 (or 1.56 long positions for every short position among retail traders) as 61% of traders are long. Yesterday the ratio was 1.52 as 60% of open positions were long.
The combination of current sentiment and recent changes gives a further bearish trading bias.
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