Variety of merchants net-short has decreased by 21.34% from final week. SYMBOL
Variety of merchants net-short has decreased by 21.34% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
GBP/JPY |
BEARISH |
50.08% |
49.92% |
35.84%
50.49% |
2.00%
-21.34% |
16.54%
3.37% |
GBP/JPY: Retail dealer information exhibits 50.08% of merchants are net-long with the ratio of merchants lengthy to quick at 1.00 to 1. Actually, merchants have remained net-long since Jan 07 when GBP/JPY traded close to 140.83, value has moved 0.20% decrease since then. The variety of merchants net-long is 35.84% increased than yesterday and 50.49% increased from final week, whereas the variety of merchants net-short is 2.00% increased than yesterday and 21.34% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests GBP/JPY costs might proceed to fall.
Our information exhibits merchants are actually net-long GBP/JPY for the primary time since Jan 07, 2021 when GBP/JPY traded close to 140.83. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger GBP/JPY-bearish contrarian buying and selling bias.