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Retail Sentiment GBP/USD

FX:GBPUSD   British Pound / U.S. Dollar
Retail trader data shows 69.8% of traders are net-long with the ratio of traders long to short at 2.31 to 1. In fact, traders have remained net-long since Sep 20 when GBPUSD traded near 1.2914; price has moved 2.5% lower since then. The number of traders net-long is 2.4% lower than yesterday and 0.1% lower from last week, while the number of traders net-short is 18.6% higher than yesterday and 15.7% higher from last week.

I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPUSD prices may continue to fall.Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.

Comments

Nice analysis about the GBP/USD. I made a comparable on the 4h timeframe. Maybe it can take
some doubts away.
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