British Pound Outlook Remains Bearish
GBPUSD – The ratio of long to short positions in the GBPUSD stands at 1.14 as nearly 53% of traders are long. Yesterday, the ratio was at 1.15 as 53% of open positions were long. In detail, long positions are 2.6% higher than yesterday and 20.4% weaker since last week. Short positions are 2.9% higher than yesterday and 42.0% stronger since last week. Open interest is 2.7% stronger than yesterday and 2.0% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.
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