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British Pound Mixed According to this

British Pound Mixed According to this

2017-04-26 18:00:00
DailyFX Research,
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British Pound Mixed According to this

Why and how do we use IG Client Sentiment in trading? See our guide.

GBPUSD: Retail trader data shows 43.7% of traders are net-long with the ratio of traders short to long at 1.29 to 1. In fact, traders have remained net-short since Apr 12 when GBPUSD traded near 1.24863; price has moved 3.2% higher since then. The number of traders net-long is 4.0% higher than yesterday and 3.6% lower from last week, while the number of traders net-short is 2.4% higher than yesterday and 0.1% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBPUSD prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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