Variety of merchants net-short has decreased by 29.00% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 29.00% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
GBP/JPY |
BEARISH |
50.08% |
49.92% |
28.93%
48.57% |
-12.39%
-29.00% |
4.36%
-3.86% |
GBP/JPY: Retail dealer knowledge reveals 50.08% of merchants are net-long with the ratio of merchants lengthy to quick at 1.00 to 1. In reality, merchants have remained net-long since Jul 09 when GBP/JPY traded close to 153.10, worth has moved 1.69% decrease since then. The variety of merchants net-long is 28.93% larger than yesterday and 48.57% larger from final week, whereas the variety of merchants net-short is 12.39% decrease than yesterday and 29.00% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests GBP/JPY costs might proceed to fall.
Our knowledge reveals merchants are actually net-long GBP/JPY for the primary time since Jul 09, 2021 13:00 GMT when GBP/JPY traded close to 153.10. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger GBP/JPY-bearish contrarian buying and selling bias.
factor contained in the
factor. That is in all probability not what you meant to do!Load your software’s JavaScript bundle contained in the factor as an alternative.
www.dailyfx.com