Forexrobots24

forex advisor developer

GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Aug 24, 2020 13:00 GMT when GBP/JPY traded near 138.47.

GBP/JPY Client Positioning

Number of traders net-short has decreased by 1.04% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/JPY

MIXED

50.86%

49.14%

25.42% Daily

-1.66% Weekly

5.15% Daily

-1.04% Weekly

14.57% Daily

-1.36% Weekly

GBP/JPY: Retail trader data shows 50.86% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Aug 24 when GBP/JPY traded near 138.47, price has moved 2.06% higher since then. The number of traders net-long is 25.42% higher than yesterday and 1.66% lower from last week, while the number of traders net-short is 5.15% higher than yesterday and 1.04% lower from last week.

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

Our data shows traders are now net-long GBP/JPY for the first time since Aug 24, 2020 13:00 GMT when GBP/JPY traded near 138.47. Positioning is more net-long than yesterday but less net-long from last week. The combination of current sentiment and recent changes gives us a further mixed GBP/JPY trading bias.