Pound Positioning Flips As GBPUSD Falters Below 2.0

Published January 31st, 2008 - 08:37 GMT
Al Bawaba
Al Bawaba

GBP/USD Ratio: -1.04
Signal: Bullish



Currency Last Week Present* % Long % Change in Positions Outstanding Signal
GBP/USD 1.03 -1.04 49% 14.82% Bullish


GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.04 as nearly 51% of traders are short. Yesterday, the ratio was at 1.02 as 50% of open positions were long. In detail, long positions are 14.1% higher than yesterday and 4.5% weaker since last week. Short positions are 20.5% higher than yesterday and 41.4% stronger since last week. Open interest is 17.2% stronger than yesterday and 20.1% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.