Our data shows traders are now net-long GBP/USD for the first time since Jun 03, 2020 when GBP/USD traded near 1.26.

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GBP/USD Client Positioning

Number of traders net-short has decreased by 28.53% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


GBP/USD

BEARISH

52.51%

47.49%

19.77%
Daily

30.11%
Weekly

-11.24%
Daily

-28.53%
Weekly

2.73%
Daily

-6.37%
Weekly

GBP/USD: Retail trader data shows 52.51% of traders are net-long with the ratio of traders long to short at 1.11 to 1. In fact, traders have remained net-long since Jun 03 when GBP/USD traded near 1.26, price has moved 0.80% lower since then. The number of traders net-long is 19.77% higher than yesterday and 30.11% higher from last week, while the number of traders net-short is 11.24% lower than yesterday and 28.53% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/USD prices may continue to fall.

Our data shows traders are now net-long GBP/USD for the first time since Jun 03, 2020 when GBP/USD traded near 1.26. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.





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