FXCM SSI: GBPUSD Sees no Short Term Top in Sight

Currency Rate Ratio %long Signal EURUSD 1.3649 -1.97 34% Bullish GBPUSD 2.0043 -1.83 35% Bullish USDJPY 118.52 -1.36 42% Bullish USDCHF 1.202 1.39 58% Bearish USDCAD 1.1219 1.25 55% Bearish
EURUSD - The ratio of longs to shorts is -1.97 as 66.3% of the currently open orders are short. Long orders are 4.6% higher than yesterday and 12.1% weaker since last week. Short orders are 1.3% higher than yesterday and 4.2% stronger since last week. Open interest is 2.4% stronger than yesterday and 7.6% below its monthly average. Looking ahead, the SSI signals EURUSD strength.
GBPUSD - The ratio of longs to shorts is -1.83 as 64.6% of the currently open orders are short. Long orders are 2.1% lower than yesterday and 32.4% weaker since last week. Short orders are 3.5% higher than yesterday and 5.1% weaker since last week. Open interest is 1.4% stronger than yesterday and 11.2% below its monthly average. Looking ahead, the SSI signals GBPUSD strength.
USDJPY - The ratio of longs to shorts is -1.36 as 57.5% of the currently open orders are short. Long orders are 5.4% higher than yesterday and 5.0% weaker since last week. Short orders are 3.2% higher than yesterday and 16.1% stronger since last week. Open interest is 4.1% stronger than yesterday and 11.0% below its monthly average. Looking ahead, the SSI signals USDJPY strength.
USDCHF - The ratio of longs to shorts is 1.39 as 58.1% of the currently open orders are long. Long orders are 3.6% higher than yesterday and 18.4% weaker since last week. Short orders are 4.3% higher than yesterday and 25.0% stronger since last week. Open interest is 3.9% stronger than yesterday and 4.6% below its monthly average. Looking ahead, the SSI signals USDCHF weakness.
USDCAD - The ratio of longs to shorts is 1.25 as 55.5% of the currently open orders are long. Long orders are 0.3% higher than yesterday and 3.0% stronger since last week. Short orders are 2.4% higher than yesterday and 21.4% stronger since last week. Open interest is 1.2% stronger than yesterday and 12.3% above its monthly average. Looking ahead, the SSI signals USDCAD weakness.