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GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Mar 09, 2022 when GBP/JPY traded near 152.81.

GBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Mar 09, 2022 when GBP/JPY traded near 152.81.

Research, Research Team
GBP/JPY Client Positioning

Number of traders net-short has decreased by 45.55% from last week.

SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OI
GBP/JPYBEARISH51.29%48.71%

25.14% Daily

10.05% Weekly

-36.78% Daily

-45.55% Weekly

-15.28% Daily

-26.51% Weekly

GBP/JPY: Retail trader data shows 51.29% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since Mar 09 when GBP/JPY traded near 152.81, price has moved 4.87% higher since then. The number of traders net-long is 25.14% higher than yesterday and 10.05% higher from last week, while the number of traders net-short is 36.78% lower than yesterday and 45.55% lower from last week.

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

Our data shows traders are now net-long GBP/JPY for the first time since Mar 09, 2022 when GBP/JPY traded near 152.81. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bearish contrarian trading bias.

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