Number of traders net-short has decreased by 24.98% from last week.

SYMBOL	TRADING BIAS	NET-LONG%	NET-SHORT%	CHANGE IN LONGS	CHANGE IN SHORTS	CHANGE IN OI
GBP/USD	BEARISH	50.21%	49.79%	11.27% Daily 48.36% Weekly	-16.13% Daily -24.98% Weekly	-4.29% Daily -0.21% Weekly

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

Change in	Longs	Shorts	OI
Daily	11%	-16%	-4%
Weekly	48%	-25%	0%

What could changes and extremes in retail trading signal for the market? GBP/USD: Retail trader data shows 50.21% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Mar 01 when GBP/USD traded near 1.26, price has moved 0.81% higher since then. The number of traders net-long is 11.27% higher than yesterday and 48.36% higher from last week, while the number of traders net-short is 16.13% lower than yesterday and 24.98% 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 Mar 01, 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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