Sunday, February 1, 2009

British Pound Forecast Turns Bullish on Major Shift in Forex Positioning


Written by David Rodriguez, Quantitative Analyst

EURUSD – Euro Forecast Remains Neutral on Balanced Forex Positioning
USDJPY – Forex Traders Remain Heavily Long the USD/JPY – Losses Likely
GBPUSD – British Pound Forecasts Turned Bullish on Shift in Sentiment
USDCHF – Forex Sentiment Gives Little US Dollar/Swiss Franc Bias
USDCAD – Canadian Dollar Forecast Unclear Against US Dollar

While the SSI is available once a week on DailyFX.com, you can receive SSI readings twice a day in DailyFX Plus Forex Intraday Trading Signals

The SSI sought a EURUSD rally since 1.26 and was signaling a reversal around 1.60. Find our more in the DailyFX Forex Forum

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