[B]GBP/USD[/B][B] Ratio: -1.39
[/B][B]Signal: Bullish[/B]
[B]Currency[/B] [B]Last Week[/B] [B]Present*[/B] [B]% Long[/B] [B]% Change in Positions Outstanding[/B] [B]Signal[/B] GBPUSD -1.50 [B]-1.39[/B] 42% -11.21% Bullish
[B]GBPUSD – [/B]GBPUSD speculative positioning has held relatively consistent from week to week since the end of February; but there has been a notable drop in open interest recently that may suggest a shift in sentiment is at hand. The pair’s ratio of long to short positions is at -1.39 compared to the -1.50 level last Thursday. Net positioning dropped 11.2% since last week, adding to the 28% drop in open interest over the previous period. The breakdown of the ratio shows that long positions are 5.3% higher than yesterday, though they have dropped 21.4% since last Wednesday. Short GBPUSD trades on the other hand rose 9.2% from Wednesday and were 2.1% weaker than last week.