Number of traders net-short has decreased by 24.98% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIGB
Number of traders net-short has decreased by 24.98% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| GBP/USD | BEARISH | 50.21% | 49.79% |
11.27% Daily 48.36% Weekly |
-16.13% Daily -24.98% Weekly |
-4.29% Daily -0.21% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 11% | -16% | -4% |
| Weekly | 48% | -25% | 0% |
GBP/USD: Retail trader data shows 50.21% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Mar 01 when GBP/USD traded near 1.26, price has moved 0.81% higher since then. The number of traders net-long is 11.27% higher than yesterday and 48.36% higher from last week, while the number of traders net-short is 16.13% lower than yesterday and 24.98% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/USD prices may continue to fall.
Our data shows traders are now net-long GBP/USD for the first time since Mar 01, 2024 when GBP/USD traded near 1.26. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
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