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British Pound Expected to Fall versus JPY

By , Quantitative Strategist
09 August 2012 15:37 GMT
ssi_gbp-jpy_body_Picture_18.png, British Pound Expected to Fall versus JPY

The ratio of long to short positions in the GBPJPY stands at 3.34 as nearly 77% of traders are long. Yesterday, the ratio was at 2.54 as 72% of open positions were long. In detail, long positions are 0.0% lower than yesterday and 9.4% stronger since last week. Short positions are 23.8% lower than yesterday and 34.5% weaker since last week. Open interest is 6.7% weaker than yesterday and 4.9% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

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

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, send a message with subject line “Distribution List” to drodriguez@dailyfx.com; Contact David via Twitter at http://www.twitter.com/DRodriguezFX

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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09 August 2012 15:37 GMT