In our market outlook this week we highlighted the non-commercials decreasing their
short positions and the commercials continuing to increase their long positions for GBP futures.
This suggests we could see a reversal in current GBP trends. GBPCAD has rejected the weekly demand
zone and with the daily impulses getting shorter and shorter we identified an opportunity for a long
swing trading position.
short positions and the commercials continuing to increase their long positions for GBP futures.
This suggests we could see a reversal in current GBP trends. GBPCAD has rejected the weekly demand
zone and with the daily impulses getting shorter and shorter we identified an opportunity for a long
swing trading position.