Probably nothing. Do hedge funds care about NFP? No, but they do care what the other hedge funds will do. Since the majority of hedge funds are short GBPUSD they are looking to take profits. The only problem is the size, they can't just buy. The priority is to not alert the others and not push the prices up. For now they cooperate in the Prisoner's Dilemma game and GBPUSD made new lows. A perfect way to keep the bearish sentiment among the public. A NFP would be a great day to make people panic and sell into a 100 years bottom. Then it's time to hurry to buy. Should GBPUSD rally? Not necessarily ...this is not 101 economics. They'll buy as slowly as possible to not give any hope to those on the wrong side. Speaking about the supply and demand fallacy ... I'll mention it tomorrow.
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