GBPUSD still bullish. COT reports buyers non-commercials banks and institutions are in majority and more buys are added. More short positions are taken off.
Retails are adding more shorts so I do the opposite of what retail traders do.
If you are also interested in GBPJPY you can tell on COT reports plus other macros that More buys are added by institutions on GBP and there are much more sellers on JPY. Of course we can see pullbacks just like any currencies, but over all GBPUSD bullish, GBPJPY bullish. Always pay attention to "NON-COMMERCIAL" only those are banks and institutions. Trade safe.
https://fxssi.com/tools/current-ratio?filter=GBPUSD
https://www.dailyfx.com/sentiment
https://www.myfxbook.com/community/outlook
Retails are adding more shorts so I do the opposite of what retail traders do.
If you are also interested in GBPJPY you can tell on COT reports plus other macros that More buys are added by institutions on GBP and there are much more sellers on JPY. Of course we can see pullbacks just like any currencies, but over all GBPUSD bullish, GBPJPY bullish. Always pay attention to "NON-COMMERCIAL" only those are banks and institutions. Trade safe.
https://fxssi.com/tools/current-ratio?filter=GBPUSD
https://www.dailyfx.com/sentiment
https://www.myfxbook.com/community/outlook
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