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Pound Positioning Flips As GBPUSD Falters Below 2.0

Thursday, 31 January 2008 15:37:12 GMT

Written by John Kicklighter, Currency Analyst and Antonio Sousa, Quantitative Strategies Analyst

GBP/USD Ratio: -1.04
Signal: Bullish

Currency Last Week Present* % Long % Change in Positions Outstanding Signal
GBP/USD 1.03 -1.04 49% 14.82% Bullish

SSI3_1-31

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 1.02 as 50% of open positions were long. In detail, long positions are 14.1% higher than yesterday and 4.5% weaker since last week. Short positions are 20.5% higher than yesterday and 41.4% stronger since last week. Open interest is 17.2% stronger than yesterday and 20.1% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.

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