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GBP/JPY IG Client Sentiment: Our data shows traders are now at their least net-long GBP/JPY since Feb 08 when GBP/JPY traded near 144.61.

GBP/JPY IG Client Sentiment: Our data shows traders are now at their least net-long GBP/JPY since Feb 08 when GBP/JPY traded near 144.61.

Research, Research Team
GBP/JPY Client Positioning

Number of traders net-short has increased by 39.39% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/JPY

BULLISH

21.32%

78.68%

-23.94% Daily

-33.06% Weekly

8.14% Daily

39.39% Weekly

-0.78% Daily

13.26% Weekly

GBP/JPY: Retail trader data shows 21.32% of traders are net-long with the ratio of traders short to long at 3.69 to 1. Our data shows traders are now at their least net-long GBP/JPY since Feb 08 when GBP/JPY traded near 144.61. The number of traders net-long is 23.94% lower than yesterday and 33.06% lower from last week, while the number of traders net-short is 8.14% higher than yesterday and 39.39% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/JPY prices may continue to rise.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bullish contrarian trading bias.

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