GBPUSD –The ratio of long to short positions in the GBPUSD stands at 1.22 as nearly 55% of traders are long. Yesterday, the ratio was at 1.03 as 51% of open positions were long. In detail, long positions are 7.4% higher than yesterday and 22.0% stronger since last week. Short positions are 8.9% lower than yesterday and 12.3% stronger since last week. Open interest is 0.6% weaker than yesterday and 11.2% above its monthly average. The gain in long positions overnight and over the past week gives us contrarian signal that the GBPUSD may continue lower through upcoming trade.
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