Quick Takes Video: The Appeal and the Reality of a Pound Reversal

Talking Points:

• The British Pound has proven one of the least volatile and trend oriented of the major currencies
• General market conditions are not conducive to wide trends or breakouts with follow through - making GBP a good fit
• For a bullish development for Pound, I like GBP/CAD and GBP/AUD while the bearish view better suits EUR/GBP and GBP/NZD

Speculative retail traders have increased their trading on EUR/GBP as a strong trend has drawn out reversal calls while the GBP/USD's chop has chased traders away. Check the DailyFX Sentiment page to see how are traders positioned (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)

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#gbpcad #gbpaud #eurgbp #gbpnzd

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