00 GMT when GBP/JPY traded close to 153.10.

HomeSentiment

00 GMT when GBP/JPY traded close to 153.10.

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


GBP/JPY Client Positioning

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%
Each day

48.57%
Weekly

-12.39%
Each day

-29.00%
Weekly

4.36%
Each day

-3.86%
Weekly

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.

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