Number of merchants net-short has decreased by 44.68% from final week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| GBP/JPY | BEARISH | 52.94% | 47.06% |
27.17% Daily 6.36% Weekly |
-33.12% Daily -44.68% Weekly |
-10.71% Daily -25.84% Weekly |
of shoppers are internet lengthy.
of shoppers are internet brief.
| Change in | Longs | Shorts | OI |
| Daily | 27% | -33% | -11% |
| Weekly | 6% | -45% | -26% |
GBP/JPY: Retail dealer information reveals 52.94% of merchants are net-long with the ratio of merchants lengthy to brief at 1.12 to 1. In reality, merchants have remained net-long since Feb 09 when GBP/JPY traded close to 159.32, worth has moved 0.55% increased since then. The variety of merchants net-long is 27.17% increased than yesterday and 6.36% increased from final week, whereas the variety of merchants net-short is 33.12% decrease than yesterday and 44.68% decrease from final week.
We sometimes 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 are actually net-long GBP/JPY for the primary time since Feb 09, 2023 when GBP/JPY traded close to 159.32. Traders are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger GBP/JPY-bearish contrarian buying and selling bias.
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