British Pound Forecast to Decline Against Yen
GBPJPY – The ratio of long to short positions in the GBPJPY stands at 1.05 as nearly 51% of traders are long. Yesterday, the ratio was at -1.15 as 54% of open positions were short. In detail, long positions are 2.9% higher than yesterday and 0.6% weaker since last week. Short positions are 15.2% lower than yesterday and 4.6% weaker since last week. Open interest is 6.8% weaker than yesterday and 3.3% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.