British Pound Forecast to Decline Against Yen
GBPJPY – The ratio of long to short positions in the GBPJPY stands at 1.43 as nearly 59% of traders are long. Yesterday, the ratio was at 2.32 as 70% of open positions were long. In detail, long positions are 16.8% lower than yesterday and 34.4% stronger since last week. Short positions are 34.9% higher than yesterday and 14.4% weaker since last week. Open interest is 1.2% weaker than yesterday and 3.4% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.
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