British Pound Forecast Strengthens on Crowd Trading
GBPUSD - The ratio of long to short positions in the GBPUSD stands at -3.24 as nearly 76% of traders are short. Yesterday, the ratio was at -1.96 as 66% of open positions were short. In detail, long positions are 15.0% lower than yesterday and 31.6% weaker since last week. Short positions are 40.7% higher than yesterday and 61.0% stronger since last week. Open interest is 21.8% stronger than yesterday and 140.5% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.
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