GBP/USD ratio: -1.01
Trading Forecast: Bullish

GBPUSD –Our forex trading strategies remain effectively flat the British Pound against the US Dollar, as one system has gone long while another remains short. Such indecisiveness underlines unclear forecasts on near-term GBP/USD trade. The ratio of long to short positions in the GBPUSD stands at -1.02 as nearly 50% of traders are short. Yesterday, the ratio was at -1.02 as 50% of open positions were short. In detail, long positions are 6.2% higher than yesterday and 0.2% stronger since last week. Short positions are 6.6% higher than yesterday and 38.8% stronger since last week. Open interest is 6.4% stronger than yesterday and 38.0% above its monthly average. The SSI is effectively neutral the GBP/USD and does not give clear short-term guidance on likely direction.