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British Pound Sentiment Forecasts Gains
Written by article default Thursday, 07 October 2010 10:33
GBPUSD –The ratio of long to short positions in the GBPUSD stands at -1.25 as nearly 56% of traders are short. Yesterday, the ratio was at -1.20 as 55% of open positions were short. In detail, long positions are 2.8% lower than yesterday and 26.8% weaker since last week. Short positions are 0.6% higher than yesterday and 12.4% stronger since last week. Open interest is 0.9% weaker than yesterday and 10.2% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.
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