Number of traders net-short has decreased by 30.60% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIGB
Number of traders net-short has decreased by 30.60% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| GBP/JPY | BEARISH | 46.13% | 53.87% |
9.84% Daily 16.52% Weekly |
-11.33% Daily -30.60% Weekly |
-2.68% Daily -14.68% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 10% | -11% | -3% |
| Weekly | 17% | -31% | -15% |
GBP/JPY: Retail trader data shows 46.13% of traders are net-long with the ratio of traders short to long at 1.17 to 1. Our data shows traders are now at their most net-long GBP/JPY since Dec 18 when GBP/JPY traded near 180.53. The number of traders net-long is 9.84% higher than yesterday and 16.52% higher from last week, while the number of traders net-short is 11.33% lower than yesterday and 30.60% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/JPY prices may continue to rise.
Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current GBP/JPY price trend may soon reverse lower despite the fact traders remain net-short.
element inside the
element. This is probably not what you meant to do!Load your application’s JavaScript bundle inside the element instead.
www.dailyfx.com