Long term Analysis on GBP

For the first time this year the C.O.T. report is showing long positions are higher than shorts amongst non commercial traders. This is a clear sign that long term sentiment is changing.. Although we are likely to see the 15000 level tested again and a possible dip towards the 14600 support it is time to start thinking about long term buy positions with large targets for the rate increase next year. WE SHOULD ALSO BE LOOKING AT THE gbp/jpy AT THE MOMENT Learn more about how I trade boafx.com