Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account


British Pound Likely Reversed vs JPY

By , Quantitative Strategist
16 February 2012 16:50 GMT
ssi_gbp-jpy_body_Picture_12.png, British Pound Likely Reversed vs JPY

GBPJPY – Forex trading crowds are their least net-short GBPJPY since the pair last traded above ¥122, and an apparent shift in sentiment favors further topside. The current SSI ratio shows that there are 1.65 traders long for every one short (62% of traders long). Yet longs are down 16.3% while shorts have jumped 32.5% since last week. We like further topside on the GBPJPY as a result.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by David Rodriguez, Quantitative Strategist for

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to

Contact David via Twitter at

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

16 February 2012 16:50 GMT