GBP/USD ratio: 1.88
Trading Forecast: Bearish

GBPUSD – One-sided trader sentiment has left our forex trading strategies heavily short the GBP/USD. The ratio of long to short positions in the GBPUSD stands at 1.88 as nearly 65% of traders are long. Yesterday, the ratio was at 1.62 as 62% of open positions were long. In detail, long positions are 25.1% higher than yesterday and 121.3% stronger since last week. Short positions are 7.5% higher than yesterday and 16.4% weaker since last week. Open interest is 18.4% stronger than yesterday and 60.2% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.