GBPUSD – SHORT
GBP turns Seasonally Bearish around the start of May. Cot Also suggests that Commercials are also looking to take price lower with the 36M index at 1%.
Price now is in a range, between 1.40 and 1.38. I will be looking for conviction away from this Range from sellers to follow the seasonal move lower or a failed push higher and to see a reversal Patten and sell from 1.41.
GBP turns Seasonally Bearish around the start of May. Cot Also suggests that Commercials are also looking to take price lower with the 36M index at 1%.
Price now is in a range, between 1.40 and 1.38. I will be looking for conviction away from this Range from sellers to follow the seasonal move lower or a failed push higher and to see a reversal Patten and sell from 1.41.