Pound is trading around 1.2494 and currently monthly sentimental RSI turned positive and likely to continue positive in the long term. It had almost taken 7 months for the sentiment to change positive since BR Exit. The Transition of sentiment from Red to Yellow color indicates positive trend reversal and the trend change is likely to be long term.
Sentimental RSI helps shorter term discretionary Traders to prepare for their trading decision. It doesn’t gives buy or sell signals but guides you to focus on right side of the trade most of the time especially when you holding period is for 2-3 days.