Forexrobots24

forex advisor developer

GBP/USD IG Client Sentiment: Our data shows traders are now at their least net-long GBP/USD since May 01 when GBP/USD traded near 1.25.

GBP/USD Client Positioning

Number of traders net-short has increased by 76.60% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/USD

BULLISH

36.47%

63.53%

-20.49% Daily

-40.00% Weekly

39.55% Daily

76.60% Weekly

9.42% Daily

3.36% Weekly

GBP/USD: Retail trader data shows 36.47% of traders are net-long with the ratio of traders short to long at 1.74 to 1. Our data shows traders are now at their least net-long GBP/USD since May 01 when GBP/USD traded near 1.25. The number of traders net-long is 20.49% lower than yesterday and 40.00% lower from last week, while the number of traders net-short is 39.55% higher than yesterday and 76.60% 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.