British Pound Outlook Remains Bearish
GBPUSD – The ratio of long to short positions in the GBPUSD stands at 2.13 as nearly 68% of traders are long. Yesterday, the ratio was at 1.85 as 65% of open positions were long. In detail, long positions are 2.6% higher than yesterday and 1.7% stronger since last week. Short positions are 10.9% lower than yesterday and 12.6% stronger since last week. Open interest is 2.1% weaker than yesterday and 6.5% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.
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