British Pound Forecast Bearish versus Japanese Yen
GBPJPY – The ratio of long to short positions in the GBPJPY stands at 1.63 as nearly 62% of traders are long. Yesterday, the ratio was at 1.48 as 60% of open positions were long. In detail, long positions are 6.7% higher than yesterday and 6.7% weaker since last week. Short positions are 3.2% lower than yesterday and 36.9% stronger since last week. Open interest is 2.7% stronger than yesterday and 14.8% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.