Number of traders net-short has decreased by 45.55% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| GBP/JPY | BEARISH | 51.29% | 48.71% |
25.14% Daily 10.05% Weekly |
-36.78% Daily -45.55% Weekly |
-15.28% Daily -26.51% Weekly |
GBP/JPY: Retail trader data shows 51.29% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since Mar 09 when GBP/JPY traded near 152.81, price has moved 4.87% higher since then. The number of traders net-long is 25.14% higher than yesterday and 10.05% higher from last week, while the number of traders net-short is 36.78% lower than yesterday and 45.55% 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 Mar 09, 2022 when GBP/JPY traded near 152.81. 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.
