British Pound Forecast Bullish versus Japanese Yen
GBPJPY – The ratio of long to short positions in the GBPJPY stands at -1.03 as nearly 51% of traders are short. Yesterday, the ratio was at -1.30 as 57% of open positions were short. In detail, long positions are 5.0% higher than yesterday and 12.9% weaker since last week. Short positions are 16.5% lower than yesterday and 10.8% stronger since last week. Open interest is 7.2% weaker than yesterday and 2.5% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY gains.
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