GBPUSD - A substantial shift in crowd sentiment suggests that the British Pound may have set a lasting top versus the resurgent US Dollar.
Trade Implications - GBPUSD: The trading crowd remains net-short GBP, but a surge in buying leaves total long interest at its highest since the pair traded near
We typically trade against the crowd, and the fact that they're bought heavily leaves us in favor of further weakness. A break of 6-month GBPUSD trendline support warns that further declines are likely. Prominent support is at
See next currency section:USDJPY - Dollar Offers Trading Opportunities versus Yen
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