Number of traders net-short has increased by 106.19% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
GBP/JPY | BULLISH | 48.57% | 51.43% | -17.91% Daily -20.00% Weekly | 37.06% Daily 106.19% Weekly | 3.42% Daily 16.75% Weekly |
GBP/JPY: Retail trader data shows 48.57% of traders are net-long with the ratio of traders short to long at 1.06 to 1. In fact, traders have remained net-short since Mar 17 when GBP/JPY traded near 130.12, price has moved 2.02% higher since then. The number of traders net-long is 17.91% lower than yesterday and 20.00% lower from last week, while the number of traders net-short is 37.06% higher than yesterday and 106.19% 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 Mar 17, 2020 when GBP/JPY traded near 130.12. 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
GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Jan 07, 2021 when GBP/JPY traded near 140.83.
US Dollar Outlook: USD Surges as Index Rebounds off Trend Support
Mexican Peso Technical Forecast: USD/MXN Picks Up Buyer Support