GBPUSD – The ratio of long to short positions in the GBPUSD stands at 1.69 as nearly 63% of traders are long. Yesterday, the ratio was at 1.57 as 61% of open positions were long. In detail, long positions are 6.3% higher than yesterday and 41.1% stronger since last week. Short positions are 1.0% lower than yesterday and 20.9% weaker since last week. Open interest is 3.4% stronger than yesterday and 11.6% above its monthly average. Unlike with the Euro/US Dollar, traders show relatively few signs of selling into GBP/USD weakness—giving little reason to look for a noteworthy short-term pullback and leaving our bearish bias intact.
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