Our data shows traders are now at their least net-long GBP/USD since Jan 14 when GBP/USD traded near 1.37.

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GBP/USD Client Position

Number of traders net-short increased by 16.29% from last week.

SYMBOL BUSINESS BISAS NET-LENGTH% NET-SHORT% CHANGE IN LONGRES CHANGE INTO SHORTS CHANGE IN OI
GBP/USD EXCITING 36.43% 63.57%

-21.62% Every day

-18.02% Every week

11.56% Every day

16.29% Every week

-3.35% Every day

0.90% Every week

GBP/USD: Retail trader data shows that 36.43% of traders are net long with the ratio of traders short to long at 1.75 to 1. Our data shows that traders are now at least net long GBP/USD since January 14 when GBP/USD traded near 1.37. The number of traders net-long is 21.62% lower than yesterday and 18.02% lower than last week, while the number of traders net-short is 11.56% higher than yesterday and 16.29% higher than last week.

We usually take a contrarian view to crowd sentiment, and the fact that traders are net-short suggests that GBP/USD prices will continue to rise.

Traders are more neatly short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD bullish contra trade bias.



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