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.

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Number of merchants net-short has decreased by 44.68% from final week.

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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