SENTIMENT

Our data shows that traders are now GBP / JPY net-short for the first time since March 17, 2020, when the GBP / JPY was trading at around 130.12.


GBP / JPY client positioning

The number of net-short traders increased by 106.19% compared to last week.

SYMBOL

BIAS TRADING

NET-LONG%

NET-SHORT%

LONG CHANGE

CHANGE OF SHORTS

CHANGE OF OI


GBP / JPY

BULLISH

48.57%

51.43%

-17.91%
Daily

-20.00%
Weekly

37.06%
Daily

106.19%
Weekly

3.42%
Daily

16.75%
Weekly

GBP / JPY: Retail trader data shows that 48.57% of traders have a long net position with a short / long ratio of 1.06 to 1. In fact, traders have been net-short since March 17 when GBP/JPY traded nearly 130.12, the price has increased 2.02% since then. The number of net-long traders is 17.91% lower than yesterday and 20.00% compared to last week, while the number of net-short traders is 37.06% higher than yesterday and 106.19% higher than last week.

We generally take a counter-crowd view, and the fact that traders are net-short suggests that GBP / JPY prices may continue to rise.

Our data shows that traders are now GBP / JPY net-short for the first time since March 17, 2020, when the GBP / JPY was trading at around 130.12. Traders are still net-short compared to yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger bullish GBP / JPY trading bias.



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