Number of traders net-short has increased by 55.12% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
GBP/JPY | BULLISH | 49.62% | 50.38% | -6.28% Daily -17.80% Weekly | 42.75% Daily 55.12% Weekly | 13.33% Daily 7.71% Weekly |
GBP/JPY: Retail trader data shows 49.62% 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 Feb 28 when GBP/JPY traded near 138.47, price has moved 6.50% lower since then. The number of traders net-long is 6.28% lower than yesterday and 17.80% lower from last week, while the number of traders net-short is 42.75% higher than yesterday and 55.12% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/JPY prices may continue to rise.
Our data shows traders are now net-short GBP/JPY for the first time since Feb 28, 2020 when GBP/JPY traded near 138.47. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bullish contrarian trading bias.
English
Afrikaans
Albanian
Arabic
Azerbaijani
Bengali
Bulgarian
Chinese (Simplified)
Croatian
Danish
Dutch
Esperanto
Estonian
Filipino
French
Georgian
German
Hindi
Hungarian
Indonesian
Italian
Japanese
Kannada
Korean
Kyrgyz
Latvian
Lithuanian
Malagasy
Nepali
Norwegian
Persian
Polish
Portuguese
Romanian
Russian
Samoan
Serbian
Sinhala
Slovak
Slovenian
Somali
Spanish
Sudanese
Swahili
Swedish
Telugu
Thai
Turkish
Urdu
Uzbek
Vietnamese
Zulu
More Stories
Weekly Technical Euro Forecast: Basically a Falling Knife
Gold Weekly Technical Forecast: Gold Sinks to Crucial Level – Bulls Last Hope?
EUR/CHF IG Client Sentiment: Our data shows traders are now at their least net-long EUR/CHF since Nov 20 when EUR/CHF traded near 1.08.