Our knowledge exhibits merchants at the moment are net-long GBP/USD for the primary time since Jun 03, 2020 when GBP/USD traded close to 1.26.

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Our knowledge exhibits merchants at the moment are net-long GBP/USD for the primary time since Jun 03, 2020 when GBP/USD traded close to 1.26.

Variety of merchants net-short has decreased by 28.53% from final week. SYMBOL


GBP/USD Client Positioning

Variety of merchants net-short has decreased by 28.53% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/USD

BEARISH

52.51%

47.49%

19.77%
Every day

30.11%
Weekly

-11.24%
Every day

-28.53%
Weekly

2.73%
Every day

-6.37%
Weekly

GBP/USD: Retail dealer knowledge exhibits 52.51% of merchants are net-long with the ratio of merchants lengthy to quick at 1.11 to 1. Actually, merchants have remained net-long since Jun 03 when GBP/USD traded close to 1.26, value has moved 0.80% decrease since then. The variety of merchants net-long is 19.77% greater than yesterday and 30.11% greater from final week, whereas the variety of merchants net-short is 11.24% decrease than yesterday and 28.53% decrease from final week.

We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests GBP/USD costs might proceed to fall.

Our knowledge exhibits merchants at the moment are net-long GBP/USD for the primary time since Jun 03, 2020 when GBP/USD traded close to 1.26. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger GBP/USD-bearish contrarian buying and selling bias.



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