British Pound Forecast Bearish Against 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 1.55 as 61% of open positions were long. In detail, long positions are 5.0% lower than yesterday and 1.4% stronger since last week. Short positions are 7.1% lower than yesterday and 15.6% weaker since last week. Open interest is 5.8% weaker than yesterday and 0.2% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.