Alerts

GBP/JPY IG Shopper Sentiment: Our information reveals merchants at the moment are net-short GBP/JPY for the primary time since Might 05, 2019 when GBP/JPY traded close to 145.89.

GBP/JPY chart

Variety of merchants net-short has elevated by 31.39% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/JPY

BULLISH

50.68%

49.32%

-5.13%
Day by day

-7.96%
Weekly

26.76%
Day by day

31.39%
Weekly

eight.31%
Day by day

7.99%
Weekly

GBP/JPY: Retail dealer information reveals 50.68% of merchants are net-long with the ratio of merchants lengthy to brief at 1.03 to 1. Actually, merchants have remained net-short since Might 05 when GBP/JPY traded close to 145.89, worth has moved eight.41% decrease since then. The variety of merchants net-long is 5.13% decrease than yesterday and seven.96% decrease from final week, whereas the variety of merchants net-short is 26.76% larger than yesterday and 31.39% larger from final week. We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests GBP/JPY costs might proceed to fall. Our information reveals merchants at the moment are net-short GBP/JPY for the primary time since Might 05, 2019 when GBP/JPY traded close to 145.89. But merchants are much less net-long than yesterday and in contrast with final week. Current adjustments in sentiment warn that the present GBP/JPY worth pattern might quickly reverse larger regardless of the very fact merchants stay net-long.


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