British Pound Forecast Bearish versus Japanese Yen
GBPJPY – The ratio of long to short positions in the GBPJPY stands at 1.99 as nearly 67% of traders are long. Yesterday, the ratio was at 2.01 as 67% of open positions were long. In detail, long positions are 2.3% lower than yesterday and 3.2% stronger since last week. Short positions are 1.6% lower than yesterday and 28.6% stronger since last week. Open interest is 2.0% weaker than yesterday and 16.5% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.