British Pound Forecast Bearish versus Japanese Yen
GBPJPY – The ratio of long to short positions in the GBPJPY stands at 1.58 as nearly 61% of traders are long. Yesterday, the ratio was at 1.37 as 58% of open positions were long. In detail, long positions are 6.8% higher than yesterday and 5.6% stronger since last week. Short positions are 7.5% lower than yesterday and 28.5% stronger since last week. Open interest is 0.8% stronger than yesterday and 14.0% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses; two of our SSI-based trading systems are currently short the currency pair.
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