– British Pound fails to hold key highs versus Dollar
– A major reversal in forex sentiment suggests it set major high
– Holding below key resistance at $1.6820 keeps focus to the downside
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British Pound has Turned Lower from Highs but Remains above Key Support
Source: FXCM Trading Station Desktop, Prepared by David Rodriguez.
Retail Forex Sentiment has Pulled Back Significantly from Record Short
Data source:FXCM Execution Desk data, Prepared by David Rodriguez
— Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.
Contact and follow David via Twitter: https://twitter.com/DRodriguezFX