Forexrobots24

forex advisor developer

GBP/USD IG Client Sentiment: Our data shows traders are now at their least net-long GBP/USD since Dec 12 when GBP/USD traded near 1.35.

GBP/USD Client Positioning

Number of traders net-short has increased by 28.35% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/USD

BULLISH

39.13%

60.87%

-23.76% Daily

-32.89% Weekly

19.04% Daily

28.35% Weekly

-2.40% Daily

-5.42% Weekly

GBP/USD: Retail trader data shows 39.13% of traders are net-long with the ratio of traders short to long at 1.56 to 1. Our data shows traders are now at their least net-long GBP/USD since Dec 12 when GBP/USD traded near 1.35. The number of traders net-long is 23.76% lower than yesterday and 32.89% lower from last week, while the number of traders net-short is 19.04% higher than yesterday and 28.35% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/USD prices may continue to rise.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.