Entries by ChatsworthCommunications

GBP/USD rally may not be finished yet

“Retail forex crowd positioning in GBPUSD may be the clearest example of emotions dictating trading decisions, rather than objective analysis, that we’ve noted to date. The GBPUSD recently broke the downtrend from the late-January highs, and retail traders, who were already short, chose to double down: they stepped up their shorts to their highest level since 2002. […]