Home Forex Our data shows traders are now net-long GBP/JPY for the first time since Jul 21, 2021 when GBP/JPY traded near 151.23.

Our data shows traders are now net-long GBP/JPY for the first time since Jul 21, 2021 when GBP/JPY traded near 151.23.

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Number of traders net-short has decreased by 34.07% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


GBP/JPY

BEARISH

50.75%

49.25%

22.44%
Daily

27.05%
Weekly

-14.49%
Daily

-34.07%
Weekly

0.97%
Daily

-12.77%
Weekly

GBP/JPY: Retail trader data shows 50.75% 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 Jul 21 when GBP/JPY traded near 151.23, price has moved 0.38% lower since then. The number of traders net-long is 22.44% higher than yesterday and 27.05% higher from last week, while the number of traders net-short is 14.49% lower than yesterday and 34.07% 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 Jul 21, 2021 when GBP/JPY traded near 151.23. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.



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