British Pound Outlook Bullish on Sentiment
GBPUSD – The ratio of long to short positions in the GBPUSD stands at -1.73 as nearly 63% of traders are short. Yesterday, the ratio was at -1.20 as 54% of open positions were short. In detail, long positions are 21.3% lower than yesterday and 19.4% weaker since last week. Short positions are 13.7% higher than yesterday and 11.2% weaker since last week. Open interest is 2.3% weaker than yesterday and 0.4% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.
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