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British Pound Forecast Bearish versus Japanese Yen

British Pound Forecast Bearish versus Japanese Yen

2010-05-06 14:47:00
David Rodriguez, Head of Product
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 SSI506gbpjpy

GBPJPY – The ratio of long to short positions in the GBPJPY stands at 1.16 as nearly 54% of traders are long. Yesterday, the ratio was at 1.20 as 55% of open positions were long. In detail, long positions are 2.6% lower than yesterday and 12.4% stronger since last week. Short positions are 0.4% higher than yesterday and 21.7% weaker since last week. Open interest is 1.2% weaker than yesterday and 2.6% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

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