GBPUSD –The ratio of long to short positions in the GBPUSD stands at -1.04 as nearly 51% of traders are short. Yesterday, the ratio was at 1.22 as 55% of open positions were long. In detail, long positions are 9.3% lower than yesterday and 17.2% stronger since last week. Short positions are 15.2% higher than yesterday and 19.3% stronger since last week. Open interest is 1.7% stronger than yesterday and 12.7% above its monthly average. The relatively neutral ratio gives few clues on short-term price action, and we may need to await the next move to make forecasts with any sort of conviction on the GBPUSD.
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