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vikvikvr

Massive insititutional shorting during last month

Short
Livre sterling / Dollar américain (FX:GBPUSD)  
vikvikvr  
FX:GBPUSD   Livre sterling / Dollar américain
Seasonality
7
0
seasonality
COT data for GBPUSD shows that in the last 4 weeks:
  • 99% of non-commercial opened positions were short
  • 79% of closed positions were long
This suggests we won't likely see a daily close above 1.34. If price should still go up, manage position accordingly, as it only signals short institutional orders getting filled at better prices.
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