GBPUSD possible short for 1.235536K long removed by last 4 weeks & 20K shorts increased.
Net position 57k shorts increase by last 4 weeks.
longer term view by 10 weeks 48k long removed, 27k shorts increased.
Net position changed by last 10 weeks increased 75k shorts.
23% shorts increased by last 4 weeks while 29% shorts increased by last 10 weeks.
Net impact is bearish by Non-Commercials.
supply zone for short 1.2645-2700. stop loss: 1.2720, target: 1.2355
