GBPUSD – Forex sentiment gives us a fairly clear bullish bias on the British Pound, as crowds have aggressively sold the British Pound into rallies. The ratio of long to short positions in the GBPUSD stands at -1.83 as nearly 65% of traders are short. Yesterday, the ratio was at -2.08 as 68% of open positions were short. In detail, long positions are 18.1% higher than yesterday and 33.9% weaker since last week. Short positions are 3.7% higher than yesterday and 129.4% stronger since last week. Open interest is 8.4% stronger than yesterday and 28.3% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.
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