British Pound Forecast Very Bearish versus Japanese Yen
GBPJPY – The ratio of long to short positions in the GBPJPY stands at 2.70 as nearly 73% of traders are long. Yesterday, the ratio was at 2.04 as 67% of open positions were long. In detail, long positions are 6.1% higher than yesterday and 9.2% stronger since last week. Short positions are 19.7% lower than yesterday and 20.1% weaker since last week. Open interest is 2.4% weaker than yesterday and 11.6% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses, and three of our SSI-based trading strategies are accordingly short.
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