Number of traders net-short has decreased by 30.90% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| GBP/USD | BEARISH | 50.51% | 49.49% |
28.13% Daily 31.03% Weekly |
-20.71% Daily -30.90% Weekly |
-1.81% Daily -9.23% Weekly |
GBP/USD
Bearish
of clients are
net long.
of clients are
net short.
| Change in | Longs | Shorts | OI |
| Daily | 29% | -24% | -2% |
| Weekly | 14% | -22% | -5% |
What could changes and extremes in retail trading signal for the market?
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GBP/USD : Retail trader data shows 50.51% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since May 14 when GBP / USD traded near 1.26, price has moved 0.63% higher since then. The number of traders net-long is 28.13% higher than yesterday and 31.03% higher from last week, while the number of traders net-short is 20.71% lower than yesterday and 30.90% 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 May 14, 2024 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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