00 GMT when GBP/JPY traded near 153.10.

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GBP / JPY Customer Positioning

The number of net-short traders decreased by 29.00% from last week.

SYMBOL

Trading BIAS

LONG RET%

NET SHORT%

CHANGE IN LONG

CHANGE IN SHORTS

CHANGE IN OI

GBP / JPY

BEARISH

50.08%

49.92%

28.93%
Every day

48.57%
Weekly

-12.39%
Every day

-29.00%
Weekly

4.36%
Every day

-3.86%
Weekly

GBP / JPY: Data on retailers show that 50.08% of retailers are network-long with the ratio of retailers long to short at 1.00 to 1. In fact, traders have remained net-long since July 09 when GBP / JPY traded close to 153.10, price has moved 1.69% lower since then. The number of net-long traders is 28.93% higher than yesterday and 48.57% higher than last week, while the number of net-short traders is 12.39% lower than yesterday and 29.00% lower than last week.

We usually consider an opposing view of crowd sentiment, and the fact that traders are network-long suggests that GBP / JPY prices may continue to fall.

Our data shows that traders are now net GBP / JPY for the first time since July 9, 2021 13:00 GMT when GBP / JPY traded close to 153.10. Traders are more online than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP / JPY bearish counter-trade forecast.



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