British Pound Outlook Remains Strongly Bearish
GBPUSD – The ratio of long to short positions in the GBPUSD stands at 1.47 as nearly 60% of traders are long. Yesterday, the ratio was at 1.37 as 58% of open positions were long. In detail, long positions are 0.9% lower than yesterday and 17.7% stronger since last week. Short positions are 8.1% lower than yesterday and 32.3% weaker since last week. Open interest is 4.0% 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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