GBP USD Trendline Trading Opportunity

| Friday, August 16, 2013
GBP USD bounced with Core CPI m/m and unemployment claims results. Current daily chart shows a good opportunity for short position but the ratio of long to short positions in the GBPUSD stands at -2.02 as 33% of traders are long. Long positions are 8.1% lower than yesterday and 1.2% above levels seen last week. Short positions are 3.8% higher than yesterday and 7.1% above levels seen last week. Speculative Sentiment Index suggest GBP USD may move higher


Here is the SSI chart from #Dailyfx

:: Will go for short @ 1.5640 with a stop loss activated @ 1.5743 June high.

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