Pound Positioning Flips As GBPUSD Falters Below 2.0

[B]GBP/USD[/B][B] Ratio: -1.04
[/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]                               GBP/USD             1.03             [B]-1.04[/B]             49%             14.82%             Bullish                

[B]GBPUSD - [/B]The ratio of long to short positions in the GBPUSD stands at -1.04 as nearly 51% of traders are short. Yesterday, the ratio was at 1.02 as 50% of open positions were long. In detail, long positions are 14.1% higher than yesterday and 4.5% weaker since last week. Short positions are 20.5% higher than yesterday and 41.4% stronger since last week. Open interest is 17.2% stronger than yesterday and 20.1% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.