Our data shows traders are now net-short GBP/USD for the first time since Aug 01, 2023 when GBP/USD traded near 1.28.
<p> <br />
</p>
<div>
<article><img decoding="async" loading="lazy" src="https://a.c-dn.net/b/17RHVe/chart.png" alt="GBP/USD Client Positioning" data-image-original-width="900" data-image-original-height="600" width="900" height="600" class="dfx-lazyload" style="padding-bottom: calc(600 / 900 * 100%);" /></p>
<h2>Number of traders net-short has increased by 17.63% from last week.</h2>
<table>
<thead>
<tr>
<th>SYMBOL</th>
<th>TRADING BIAS</th>
<th>NET-LONG%</th>
<th>NET-SHORT%</th>
<th>CHANGE IN LONGS</th>
<th>CHANGE IN SHORTS</th>
<th>CHANGE IN OI</th>
</tr>
</thead>
<tbody>
<tr>
<td data-heading="SYMBOL"><span>GBP/USD</span></td>
<td data-heading="TRADING BIAS"><span>BULLISH</span></td>
<td data-heading="NET-LONG%"><span>48.97%</span></td>
<td data-heading="NET-SHORT%"><span>51.03%</span></td>
<td data-heading="CHANGE IN LONGS">
<p><span>-6.31% </span><span>Daily</span></p>
<p><span>-4.39% </span><span>Weekly</span></p>
</td>
<td data-heading="CHANGE IN SHORTS">
<p><span>8.71% </span><span>Daily</span></p>
<p><span>17.63% </span><span>Weekly</span></p>
</td>
<td data-heading="CHANGE IN OI">
<p><span>0.79% </span><span>Daily</span></p>
<p><span>5.71% </span><span>Weekly</span></p>
</td>
</tr>
</tbody>
</table>
<div>
<div>
<p>
<span><br />
<span data-stream-type="sentiment" data-market- data-value="–" data-type="long-value-info"><br />
</span><br />
<span>of clients are </span><span>net long.</span> </span><br />
<span><br />
<span data-stream-type="sentiment" data-market- data-value="–" data-type="short-value-info"><br />
</span><br />
<span>of clients are </span><span>net short.</span> </span>
</p>
</div>
</div>
<div>
<table>
<thead>
<tr>
<td>
Change in </td>
<td>
Longs </td>
<td>
Shorts </td>
<td>
OI </td>
</tr>
</thead>
<tbody>
<tr>
<td>Daily</td>
<td>-4%</td>
<td>-2%</td>
<td>-3%</td>
</tr>
<tr>
<td>Weekly</td>
<td>-2%</td>
<td>14%</td>
<td>5%</td>
</tr>
</tbody>
</table>
</div>
<p>GBP/USD: <span>Retail trader data shows 48.97% of traders are net-long with the ratio of traders short to long at 1.04 to 1. </span>In fact, traders have remained net-short since Aug 01 when GBP/USD traded near 1.28, price has moved 0.33% lower since then. The number of traders net-long is 6.31% lower than yesterday and 4.39% lower from last week, while the number of traders net-short is 8.71% higher than yesterday and 17.63% higher from last week. </p>
<p><span>We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/USD </span><span>prices</span><span> may continue to rise. </span></p>
<p>Our data shows traders are now net-short GBP/USD for the first time since Aug 01, 2023 when GBP/USD traded near 1.28. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias. </p>
</article>
</div>
<p> element inside the <body> element. This is probably not what you meant to do!<br />
Load your application’s JavaScript bundle inside the <head> element instead.<br />
<br /><br />
<br /><a href="https://www.dailyfx.com/analysis/GBPUSD-IG-Client-Sentiment-202308171523.html">Source link </a></p><p>The post <a href="https://forextraderhub.com/our-data-shows-traders-are-now-net-short-gbp-usd-for-the-first-time-since-aug-01-2023-when-gbp-usd-traded-near-1-28.html">Our data shows traders are now net-short GBP/USD for the first time since Aug 01, 2023 when GBP/USD traded near 1.28.</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>
Leave a Comment