Massive insititutional shorting during last month
COT data for 
GBPUSD shows that in the last 4 weeks:
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.
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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