SENTIMENT

00 GMT when the GBP / JPY traded near 138.47.


GBP / JPY client positioning

The number of net-short traders was down 1.04% compared to last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

SHORTS CHANGE

CHANGE OF IO


GBP / JPY

MIXED

50.86%

49.14%

25.42%
Daily

-1.66%
Weekly

5.15%
Daily

-1.04%
Weekly

14.57%
Daily

-1.36%
Weekly

GBP / JPY: Data from retail traders shows that 50.86% of traders are net long with the ratio of long to short traders at 1.03 to 1. In fact, traders have remained net since August 24 when GBP/JPY traded near 138.47, the price has risen 2.06% since then. The number of net-long traders is 25.42% higher than yesterday and 1.66% lower than last week, while the number of net-short traders is 5.15% higher than yesterday and 1.04% less than last week.

We generally take a vexing view of crowd sentiment, and the fact that traders are net long suggests that GBP / JPY prices may continue to decline.

Our data shows that traders are now net long in GBP / JPY for the first time since August 24, 2020 at 1:00 p.m. GMT, as GBP / JPY traded near 138.47. The positioning is sharper than yesterday but shorter than last week. The combination of current sentiment and recent changes gives us another GBP / JPY blended trading bias.



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