Variety of merchants net-short has decreased by 34.07% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 34.07% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
GBP/JPY |
BEARISH |
50.75% |
49.25% |
22.44%
27.05% |
-14.49%
-34.07% |
0.97%
-12.77% |
GBP/JPY: Retail dealer information reveals 50.75% of merchants are net-long with the ratio of merchants lengthy to quick at 1.03 to 1. Actually, merchants have remained net-long since Jul 21 when GBP/JPY traded close to 151.23, value has moved 0.38% decrease since then. The variety of merchants net-long is 22.44% larger than yesterday and 27.05% larger from final week, whereas the variety of merchants net-short is 14.49% decrease than yesterday and 34.07% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests GBP/JPY costs could proceed to fall.
Our information reveals merchants are actually net-long GBP/JPY for the primary time since Jul 21, 2021 when GBP/JPY traded close to 151.23. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger GBP/JPY-bearish contrarian buying and selling bias.
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