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British Pound Bias Remains Bearish

By David Rodriguez, Quantitative Strategist
30 December 2009 15:50 GMT

SSI1230GBPUSD

GBPUSD – The ratio of long to short positions in the GBPUSD stands at 1.38 as nearly 58% of traders are long. Yesterday, the ratio was at 2.03 as 67% of open positions were long. In detail, long positions are 4.3% lower than yesterday and 7.0% stronger since last week. Short positions are 40.8% higher than yesterday and 22.0% stronger since last week. Open interest is 10.6% stronger than yesterday and 17.8% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

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30 December 2009 15:50 GMT