British Pound Bias Remains Bearish versus Yen
GBPJPY - The ratio of long to short positions in the GBPJPY stands at 1.84 as nearly 65% of traders are long. Yesterday, the ratio was at 1.78 as 64% of open positions were long. In detail, long positions are 0.6% lower than yesterday and 4.9% stronger since last week. Short positions are 3.8% lower than yesterday and 13.3% weaker since last week. Open interest is 1.7% weaker than yesterday and 12.7% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.
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--- Written by Christopher Vecchio, Currency Analyst for DailyFX.com
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