Number of traders net-short has decreased by 30.90% from last week.

SYMBOL	TRADING BIAS	NET-LONG%	NET-SHORT%	CHANGE IN LONGS	CHANGE IN SHORTS	CHANGE IN OI
GBP/USD	BEARISH	50.51%	49.49%	28.13% Daily 31.03% Weekly	-20.71% Daily -30.90% Weekly	-1.81% Daily -9.23% Weekly

GBP/USD Bearish Data provided by of clients are net long. of clients are net short.

Change in	Longs	Shorts	OI
Daily	28%	-21%	-2%
Weekly	31%	-31%	-9%

What could changes and extremes in retail trading signal for the market? GBP/USD: Retail trader data shows 50.51% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since May 14 when GBP/USD traded near 1.26, price has moved 0.63% higher since then. The number of traders net-long is 28.13% higher than yesterday and 31.03% higher from last week, while the number of traders net-short is 20.71% lower than yesterday and 30.90% lower from last week.

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

Our data shows traders are now net-long GBP/USD for the first time since May 14, 2024 when GBP/USD traded near 1.26. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.

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