GBP/USD Ratio: 1.06
Signal: Bearish
| Currency | Last Week | Present* | % Long | % Change in Positions Outstanding | Signal |
| GBP/USD | 1.44 | 1.06 | 51% | 21.97% | Bearish |
GBPUSD – The GBPUSD SSI net long reading has faded over since last week. From 1.44 reported last Thursday, the ratio now stands at 1.06 – just above parity. In fact, just a day ago, the ratio was still at 1.39. In the span of a day, long positions fell 6.0% and are actually 3.5% higher from a week ago. Shorts on the other hand, jumped 25.3% from the yesterday and are 49.8% stronger from a week ago. Open interest is rising as the SSI reading approaches parity. From yesterday, open positions are 7.1% higher and is 25.8% above the monthly average. As the SSI is a contrarian indicator, the long position is still signaling further GBPUSD losses.
