GBP/USD Client Positioning

Number of traders net-short has decreased by 19.69% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


GBP/USD

BEARISH

50.34%

49.66%

7.27%
Daily

9.62%
Weekly

1.02%
Daily

-19.69%
Weekly

4.07%
Daily

-7.20%
Weekly

GBP/USD: Retail trader data shows 50.34% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Jan 07 when GBP/USD traded near 1.36, price has moved 0.99% lower since then. The number of traders net-long is 7.27% higher than yesterday and 9.62% higher from last week, while the number of traders net-short is 1.02% higher than yesterday and 19.69% 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 Jan 07, 2022 when GBP/USD traded near 1.36. 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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