Sterling Open Interest is Significantly Above its Monthly Average

[B]GBP/USD Ratio: 1.39
[/B][B]Signal: Bearish[/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             1.76             [B]1.39[/B]             58%             -0.53%             Bearish                


[B]GBPUSD [/B]– The ratio of long to short positions in the GBPUSD stands at 1.39 as nearly 58% of traders are long. Yesterday, the ratio was at 1.51 as 60% of open positions were long. In detail, long positions are 0.1% lower than yesterday and 2.4% weaker since last week. Short positions are 8.7% higher than yesterday and 2.0% stronger since last week. Open interest is 3.4% stronger than yesterday and 12.5% above its monthly average.