The ratio of long to short positions in the GBPUSD stands at -1.34 as nearly 57% of traders are short, according to our execution desk data on the positioning of more than 21.000 retail traders. In detail, long positions are 5.3% higher than yesterday and 16.3% stronger since last week. Short positions are 8.6% lower than yesterday and 9% weaker since last week. Open interest is 3.2% weaker than yesterday and 10.3% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains with a possible test of 2.08.
