Number of traders net-short has decreased by 23.19% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS C
Number of traders net-short has decreased by 23.19% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
GBP/JPY |
BEARISH |
50.00% |
50.00% |
29.96%
40.64% |
-5.52%
-23.19% |
9.41%
-0.65% |
GBP/JPY: Retail trader data shows 50.00% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Dec 22 when GBP/JPY traded near 152.35, price has moved 0.16% lower since then. The number of traders net-long is 29.96% higher than yesterday and 40.64% higher from last week, while the number of traders net-short is 5.52% lower than yesterday and 23.19% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/JPY prices may continue to fall.
Our data shows traders are now net-long GBP/JPY for the first time since Dec 22, 2021 when GBP/JPY traded near 152.35. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.
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