British Pound Analysis: GBP/USD and GBP/JPY May Rise as Short Bets Increase
British Pound Analysis: GBP/USD and GBP/JPY May Rise as Short Bets Increase 2021-04-21 05:00:00 Daniel Dubrovsky, Strategist British Pound, GBP/USD, GBP/JPY, Technical Analysis, Retail Trader Positioning - Talking Points Broader technical view shows shift away from aggressive uptrend Check out last week’s webinar recording to learn more about IGCS For most of April, retail investors have been unwinding short positioning in the British Pound, particularly against the US Dollar and Japanese Yen. This opened the door for Sterling to lose some ground. This can be demonstrated by taking a look a...
Source: dailyfx.com