British Pound Likely to Rally Further
GBPUSD – The ratio of long to short positions in the GBPUSD stands at -2.01 as nearly 67% of traders are short. Yesterday, the ratio was at -1.82 as 65% of open positions were short. In detail, long positions are 5.2% lower than yesterday and 17.9% weaker since last week. Short positions are 4.8% higher than yesterday and 31.4% stronger since last week. Open interest is 1.2% stronger than yesterday and 11.3% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.
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