British Pound Outlook Bearish Against Downtrodden US Dollar

GBP/USD ratio: 1.64

Trading Forecast: Bearish

GBPUSD –The ratio of long to short positions in the GBPUSD stands at 1.64 as nearly 62% of traders are long. Yesterday, the ratio was at 1.35 as 57% of open positions were long.

In detail, long positions are 18.0% higher than yesterday and 25.7% stronger since last week. Short positions are 2.5% lower than yesterday and 49.9% weaker since last week. Open interest is 9.3% stronger than yesterday and 44.7% below its monthly average.

The SSI is a contrarian indicator and signals more GBPUSD losses.

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