Number of traders net-short has increased by 16.90% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS
Number of traders net-short has increased by 16.90% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
GBP/USD |
BULLISH |
49.59% |
50.41% |
-1.00%
-10.15% |
4.08%
16.90% |
1.49%
1.72% |
GBP/USD: Retail trader data shows 49.59% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Oct 29 when GBP/USD traded near 1.37, price has moved 0.68% lower since then. The number of traders net-long is 1.00% lower than yesterday and 10.15% lower from last week, while the number of traders net-short is 4.08% higher than yesterday and 16.90% 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 Oct 29, 2021 when GBP/USD traded near 1.37. 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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