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DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

SSI: The Speculative Sentiment Index

Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

The SSI is reported Every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS.


British Pound Fails at Key Resistance, Losses Likely

British Pound Fails at Key Resistance, Losses Likely

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GBPUSD Retail forex traders have bought steadily into British Pound weakness, and a contrarian view of crowd sentiment acts as signal that the GBP/USD may continue lower. Indeed it has now stopped and reversed at important volume-based congestion resistance at $1.5650 for the third time; short-term targets now lie at comparable support near $1.54.

See next currency section:USDJPY - US Dollar Outlook Positive versus Japanese Yen

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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