Variety of merchants net-short has decreased by 32.04% from final week. SYMBOL
Variety of merchants net-short has decreased by 32.04% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
GBP/JPY |
BEARISH |
50.50% |
49.50% |
28.06%
-1.95% |
-21.66%
-32.04% |
-2.55%
-19.58% |
GBP/JPY: Retail dealer knowledge reveals 50.50% of merchants are net-long with the ratio of merchants lengthy to brief at 1.02 to 1. In actual fact, merchants have remained net-long since Dec 03 when GBP/JPY traded close to 139.67, worth has moved 0.78% decrease since then. The variety of merchants net-long is 28.06% increased than yesterday and 1.95% decrease from final week, whereas the variety of merchants net-short is 21.66% decrease than yesterday and 32.04% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests GBP/JPY costs could proceed to fall.
Our knowledge reveals merchants at the moment are net-long GBP/JPY for the primary time since Dec 03, 2020 14:00 GMT when GBP/JPY traded close to 139.67. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger GBP/JPY-bearish contrarian buying and selling bias.