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GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Oct 29, 2021 when GBP/USD traded near 1.37.

GBP/USD Client Positioning

NUMBER OF TRADERS NET-SHORT HAS INCREASED BY 16.90% FROM LAST WEEK.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

GBP/USD

BULLISH

49.59%

50.41%

-1.00% Daily

-10.15% Weekly

4.08% Daily

16.90% Weekly

1.49% Daily

1.72% Weekly

GBP/USD: Retail trader data shows 49.59% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Oct 29 when GBP/USD traded near 1.37, price has moved 0.68% lower since then. The number of traders net-long is 1.00% lower than yesterday and 10.15% lower from last week, while the number of traders net-short is 4.08% higher than yesterday and 16.90% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/USD prices may continue to rise.

Our data shows traders are now net-short GBP/USD for the first time since Oct 29, 2021 when GBP/USD traded near 1.37. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.

Jan 5, 2022 |  Research, Research Team. DailyFX

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USD/JPY IG Client Sentiment: Our data shows traders are now at their least net-long USD/JPY since Oct 21 when USD/JPY traded near 113.97.

Jan 4, 2022 |  Research, Research Team. DailyFX

USD/JPY Client Positioning

NUMBER OF TRADERS NET-SHORT HAS INCREASED BY 9.98% FROM LAST WEEK.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

USD/JPY

BULLISH

22.13%

77.87%

-6.70% Daily

-18.08% Weekly

6.78% Daily

9.98% Weekly

3.47% Daily

2.23% Weekly

USD/JPY: Retail trader data shows 22.13% of traders are net-long with the ratio of traders short to long at 3.52 to 1. Our data shows traders are now at their least net-long USD/JPY since Oct 21 when USD/JPY traded near 113.97. The number of traders net-long is 6.70% lower than yesterday and 18.08% lower from last week, while the number of traders net-short is 6.78% higher than yesterday and 9.98% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/JPY prices may continue to rise.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias.

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