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British Pound Forecast to decline Against Japanese Yen

By David Rodriguez,
02 September 2010 13:14 GMT

ssi_gbp-jpy_body_Picture_11.png, British Pound Forecast to decline Against Japanese Yen

GBPJPY The ratio of long to short positions in the GBPJPY stands at 2.94 as nearly 75% of traders are long. Yesterday, the ratio was at 1.90 as 66% of open positions were long. In detail, long positions are 30.8% higher than yesterday and 10.4% stronger since last week. Short positions are 15.5% lower than yesterday and 26.5% weaker since last week. Open interest is 14.8% stronger than yesterday and 19.0% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

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02 September 2010 13:14 GMT