The COT report has shown an institutional decrease in Long exposure for the past 4 weeks on the GBP giving us a retracement from previous peak on the week of Jan 23rd. Despite this
we can expect the pound to regain strength given what looks to be some hedging going on in the report and the JPY weakness.
I'm definitely not 100% sold on the long idea as you will hear near the end of the video but its definitely something i'm looking forward to if the conditions look right.
Let me know what you think :)