Forexrobots24

forex advisor developer

GBP/USD IG Client Sentiment: Our data shows traders are now at their most net-long GBP/USD since Apr 24 when GBP/USD traded near 1.28.

GBP/USD Client Positioning

Number of traders net-short has decreased by 3.04% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


GBP/USD

BEARISH

83.89%

16.11%

7.42%
Daily

8.64%
Weekly

-14.34%
Daily

-3.04%
Weekly

3.20%
Daily

6.57%
Weekly

GBP/USD: Retail trader data shows 83.89% of traders are net-long with the ratio of traders long to short at 5.21 to 1. Our data shows traders are now at their most net-long GBP/USD since Apr 24 when GBP/USD traded near 1.28. The number of traders net-long is 7.42% higher than yesterday and 8.64% higher from last week, while the number of traders net-short is 14.34% lower than yesterday and 3.04% lower from last week.

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

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

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