British Pound Forecast to decline vs. Japanese Yen
GBPJPY – The ratio of long to short positions in the GBPJPY stands at 7.34 as nearly 88% of traders are long. Yesterday, the ratio was at 19.36 as 95% of open positions were long. In detail, long positions are a sizeable 57.8% lower than yesterday and unchanged since last week. Short positions are 11.2% higher than yesterday and a massive 84.9% weaker since last week. The massively one-sided SSI ratio warns that the GBPJPY downtrend remains firmly intact. Yet the overnight shift suggests the pace of declines may slow.
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