Forexrobots24

forex advisor developer

GBP/JPY IG Client Sentiment: Our data shows traders are now at their least net-long GBP/JPY since Jun 11 when GBP/JPY traded near 134.40.

GBP/JPY Client Positioning

Number of traders net-short has increased by 47.07% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/JPY

BULLISH

26.27%

73.73%

-10.05% Daily

-14.72% Weekly

9.94% Daily

47.07% Weekly

3.88% Daily

23.56% Weekly

GBP/JPY: Retail trader data shows 26.27% of traders are net-long with the ratio of traders short to long at 2.81 to 1. Our data shows traders are now at their least net-long GBP/JPY since Jun 11 when GBP/JPY traded near 134.40. The number of traders net-long is 10.05% lower than yesterday and 14.72% lower from last week, while the number of traders net-short is 9.94% higher than yesterday and 47.07% 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.

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.

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