British Pound Outlook Bullish
GBPUSD – The ratio of long to short positions in the GBPUSD stands at -1.16 as nearly 54% of traders are short. Yesterday, the ratio was at -1.32 as 57% of open positions were short. In detail, long positions are 14.2% higher than yesterday and 1.0% stronger since last week. Short positions are 0.5% higher than yesterday and 8.1% stronger since last week. Open interest is 6.4% stronger than yesterday and 9.1% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.
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