British Pound Forecast Bearish versus Japanese Yen
GBPJPY – The ratio of long to short positions in the GBPJPY stands at 1.23 as nearly 55% of traders are long. Yesterday, the ratio was at -1.01 as 50% of open positions were short. In detail, long positions are 19.1% higher than yesterday and 6.3% weaker since last week. Short positions are 4.1% lower than yesterday and 6.8% stronger since last week. Open interest is 7.5% stronger than yesterday and 10.8% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.
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