British Pound Outlook Turns Bearish on Sentiment
GBPUSD – The ratio of long to short positions in the GBPUSD stands at 1.61 as nearly 62% of traders are long. Yesterday, the ratio was at 1.91 as 66% of open positions were long. In detail, long positions are 1.8% higher than yesterday and 42.6% stronger since last week. Short positions are 20.9% higher than yesterday and 25.3% weaker since last week. Open interest is 8.4% stronger than yesterday and 10.8% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.
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