British Pound Expected to Trade Lower

GBPUSD–Aggressively one-sided retail forex trader sentiment warns that the British Pound may continue lower versus the US Dollar. Our data sample shows that 58 percent of all open retail trader positions in theGBP/USD are long, and a contrarian view of crowd sentiment points to losses.
We will need to see a substantive turn towards GBP-selling to change our USD-bullish trading bias.