GBP/JPY IG Client Sentiment: Our Data Shows Traders Are Now Net-short GBP/JPY For The First Time Since Dec 24, 2019 11:00 GMT When GBP/JPY Traded Near 141.49.

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GBP/JPY Client Positioning

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/JPY

BULLISH

49.81%

50.19%

0.76% Daily

-9.59% Weekly

9.92% Daily

12.24% Weekly

5.16% Daily

0.19% Weekly

GBP/JPY: Retail trader data shows 49.81% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Dec 24 when GBP/JPY traded near 141.49, price has moved 0.23% higher since then. The number of traders net-long is 0.76% higher than yesterday and 9.59% lower from last week, while the number of traders net-short is 9.92% higher than yesterday and 12.24% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/JPY prices may continue to rise. Our data shows traders are now net-short GBP/JPY for the first time since Dec 24, 2019 11:00 GMT when GBP/JPY traded near 141.49. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bullish contrarian trading bias.