Looking at GBP COT reports there are more sellers. But changes are -4.034 for shorts, 6,648 more longs are added. But shorts are still majority. I had the sell position last week on this one but closed it. I think what is happening now is institutions want to add more shorts in order for price to go down. Looking at GBPJPY, the price is at supply zone (the red rectangle) and it does look like it is going to go down. Just not convinced yet to add short position. I want this to go down pass 137.86 for me to enter short and hold it.
AUDNZD waiting to break 1.0870 resistance and once that happens i will add a buy position.
AUDNZD waiting to break 1.0870 resistance and once that happens i will add a buy position.
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