British Pound Forecast Bearish versus Japanese Yen
GBPJPY – The ratio of long to short positions in the GBPJPY stands at 2.67 as nearly 73% of traders are long. Yesterday, the ratio was at 2.70 as 73% of open positions were long. In detail, long positions are 2.7% higher than yesterday and 56.8% stronger since last week. Short positions are 4.1% higher than yesterday and 29.8% weaker since last week. Open interest is 3.1% stronger than yesterday and 9.5% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.
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