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The ratio of long to short positions in the GBPUSD stands at -1.36

By Antonio Sousa, Chief Strategist
03 December 2009 16:43 GMT

SSI1203GBP

The ratio of long to short positions in the GBPUSD stands at -1.36 as nearly 58% of traders are short. Yesterday, the ratio was at -1.71 as 63% of open positions were short. In detail, long positions are 11.7% higher than yesterday and 9.8% weaker since last week. Short positions are 11.5% lower than yesterday and 47.8% stronger since last week. Open interest is 2.9% weaker than yesterday and 0.5% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.

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03 December 2009 16:43 GMT