Birmingham , UK

GBP/USD IG Shopper Sentiment: Our information exhibits merchants are actually at their most net-long GBP/USD since Dec 20 when GBP/USD traded close to 1.32.

gbp/usd-ig-shopper-sentiment:-our-information-exhibits-merchants-are-actually-at-their-most-net-long-gbp/usd-since-dec-20-when-gbp/usd-traded-close-to-132.

GBP/USD Client Positioning

Variety of merchants net-short has decreased by 16.90% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/USD

BEARISH

79.52%

20.48%

8.25% Each day

19.18% Weekly

-22.49% Each day

-16.90% Weekly

0.11% Each day

9.45% Weekly

GBP/USD: Retail dealer information exhibits 79.52% of merchants are net-long with the ratio of merchants lengthy to quick at 3.88 to 1. Our information exhibits merchants are actually at their most net-long GBP/USD since Dec 20 when GBP/USD traded close to 1.32. The variety of merchants net-long is 8.25% greater than yesterday and 19.18% greater from final week, whereas the variety of merchants net-short is 22.49% decrease than yesterday and 16.90% decrease from final week.

We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests GBP/USD costs could proceed to fall.

Merchants 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/USD-bearish contrarian buying and selling bias.

DailyFX offers foreign exchange information and technical evaluation on the tendencies that affect the worldwide forex markets.

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