British Pound Likely to Rally
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 1.04 as 51% of open positions were long. In detail, long positions are 13.2% lower than yesterday and 20.2% stronger since last week. Short positions are 4.6% higher than yesterday and 34.3% weaker since last week. Open interest is 4.5% weaker than yesterday and 7.8% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.
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