DislikedCurrently on this site's trade explorer there are 977 trades short this pairing and 891 are currently in a loss situation...bet they are hoping for a steep correction or more ! So if you take that average and apply it to the advice given by traders on forums/threads on this site....erm.... Lol ! G/LIgnored
So right now we technically are pretty balanced buyers vs sellers however the buyers have been taking control lately. There has to be something to really kill the GBP here of if the USD could get a move on, its been hitting support for a while. Either way, we are at a critial level to determine a good trend here. Once it breaks you will probably get not only shorts buying back out at a loss, but people trying to enter the breakout and even higher on pullbacks which will drive the price up even more.
Attached Image
All posts are my personal opinion