Number of traders net-short has increased by 32.07% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIGB
Number of traders net-short has increased by 32.07% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| GBP/USD | BULLISH | 48.73% | 51.27% |
-10.97% Daily -30.63% Weekly |
16.94% Daily 32.07% Weekly |
1.44% Daily -8.32% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -12% | 20% | 2% |
| Weekly | -30% | 36% | -7% |
GBP/USD: Retail trader data shows 48.73% of traders are net-long with the ratio of traders short to long at 1.05 to 1. In fact, traders have remained net-short since Mar 21 when GBP/USD traded near 1.27, price has moved 0.16% higher since then. The number of traders net-long is 10.97% lower than yesterday and 30.63% lower from last week, while the number of traders net-short is 16.94% higher than yesterday and 32.07% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/USD prices may continue to rise.
Our data shows traders are now net-short GBP/USD for the first time since Mar 21, 2024 when GBP/USD traded near 1.27. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.
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