Variety of merchants net-short has decreased by 1.04% from final week. SYMBOL
Variety of merchants net-short has decreased by 1.04% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
GBP/JPY |
MIXED |
50.86% |
49.14% |
25.42%
-1.66% |
5.15%
-1.04% |
14.57%
-1.36% |
GBP/JPY: Retail dealer knowledge exhibits 50.86% of merchants are net-long with the ratio of merchants lengthy to quick at 1.03 to 1. Actually, merchants have remained net-long since Aug 24 when GBP/JPY traded close to 138.47, value has moved 2.06% greater since then. The variety of merchants net-long is 25.42% greater than yesterday and 1.66% decrease from final week, whereas the variety of merchants net-short is 5.15% greater than yesterday and 1.04% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests GBP/JPY costs could proceed to fall.
Our knowledge exhibits merchants at the moment are net-long GBP/JPY for the primary time since Aug 24, 2020 13:00 GMT when GBP/JPY traded close to 138.47. Positioning is extra net-long than yesterday however much less net-long from final week. The mix of present sentiment and up to date adjustments offers us an extra blended GBP/JPY buying and selling bias.