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.
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