Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current GBP/JPY price trend may soon reverse lower despite the fact traders remain net-short.
GBP/JPY IG Client Sentiment: Our data shows traders are now at their most net-long GBP/JPY since Dec 18 when GBP/JPY traded near 180.53.Retail trader data shows 46.13% of traders are net-long with the ratio of traders short to long at 1.17 to 1.since Dec 18 when GBP/JPY traded near 180.53. The number of traders net-long is 9.84% higher than yesterday and 16.52% higher from last week, while the number of traders net-short is 11.33% lower than yesterday and 30.60% lower from last week.
US 500 IG Client Sentiment: Our data shows traders are now net-long US 500 for the first time since Apr 25, 2024 when US 500 traded near 5,091.12.AUD/JPY IG Client Sentiment: Our data shows traders are now at their most net-long AUD/JPY since Sep 13 when AUD/JPY traded near 94.60.AUD/JPY IG Client Sentiment: Our data shows traders are now net-long AUD/JPY for the first time since Sep 13, 2023 when AUD/JPY traded near 94.60.
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