Our knowledge reveals merchants are actually net-short GBP/USD for the primary time since Jun 18, 2020 when GBP/USD traded close to 1.24.

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Our knowledge reveals merchants are actually net-short GBP/USD for the primary time since Jun 18, 2020 when GBP/USD traded close to 1.24.

Variety of merchants net-short has elevated by 13.59% from final week. SYMBOL


GBP/USD Client Positioning

Variety of merchants net-short has elevated by 13.59% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/USD

BULLISH

49.66%

50.34%

-13.24%
Each day

-5.75%
Weekly

8.05%
Each day

13.59%
Weekly

-3.69%
Each day

3.08%
Weekly

GBP/USD: Retail dealer knowledge reveals 49.66% of merchants are net-long with the ratio of merchants brief to lengthy at 1.01 to 1. In actual fact, merchants have remained net-short since Jun 18 when GBP/USD traded close to 1.24, value has moved 0.43% greater since then. The variety of merchants net-long is 13.24% decrease than yesterday and 5.75% decrease from final week, whereas the variety of merchants net-short is 8.05% greater than yesterday and 13.59% greater from final week.

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

Our knowledge reveals merchants are actually net-short GBP/USD for the primary time since Jun 18, 2020 when GBP/USD traded close to 1.24. Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger GBP/USD-bullish contrarian buying and selling bias.



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