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British Pound Outlook: GBP/USD, GBP/JPY May Rise as Retail Traders Gradually Sell

BRITISH POUND, GBP/USD, GBP/JPY, TECHNICAL ANALYSIS, RETAIL TRADER POSITIONING - TALKING POINTS: Retail traders increasingly bet that the British Pound may weaken. Contrarian signals hint that GBP/USD and GBP/JPY could rise. Sterling rectangle breakout struggles, GBP/JPY facing triangle.   According to IG Client Sentiment (IGCS), retail investors are increasingly betting that the British Pound may weaken against the US Dollar and Japanese Yen. IGCS can at times

MongiIG

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