Our knowledge reveals merchants are actually net-short GBP/USD for the primary time since Oct 29, 2021 when GBP/USD traded close to 1.37.

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Number of merchants net-short has elevated by 16.90% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/USD

BULLISH

49.59%

50.41%

-1.00%
Daily

-10.15%
Weekly

4.08%
Daily

16.90%
Weekly

1.49%
Daily

1.72%
Weekly

GBP/USD: Retail dealer knowledge reveals 49.59% of merchants are net-long with the ratio of merchants brief to lengthy at 1.02 to 1. In truth, merchants have remained net-short since Oct 29 when GBP/USD traded close to 1.37, value has moved 0.68% decrease since then. The variety of merchants net-long is 1.00% decrease than yesterday and 10.15% decrease from final week, whereas the variety of merchants net-short is 4.08% increased than yesterday and 16.90% increased from final week.

We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests GBP/USD costs could proceed to rise.

Our knowledge reveals merchants are actually net-short GBP/USD for the primary time since Oct 29, 2021 when GBP/USD traded close to 1.37. Traders are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger GBP/USD-bullish contrarian buying and selling bias.

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