Number of traders net-short has increased by 32.07% from last week.

SYMBOL	TRADING BIAS	NET-LONG%	NET-SHORT%	CHANGE IN LONGS	CHANGE IN SHORTS	CHANGE IN OI
GBP/USD	BULLISH	48.73%	51.27%	-10.97% Daily -30.63% Weekly	16.94% Daily 32.07% Weekly	1.44% Daily -8.32% Weekly

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

Change in	Longs	Shorts	OI
Daily	-11%	17%	1%
Weekly	-31%	32%	-8%

What could changes and extremes in retail trading signal for the market? GBP/USD: Retail trader data shows 48.73% of traders are net-long with the ratio of traders short to long at 1.05 to 1. In fact, traders have remained net-short since Mar 21 when GBP/USD traded near 1.27, price has moved 0.16% higher since then. The number of traders net-long is 10.97% lower than yesterday and 30.63% lower from last week, while the number of traders net-short is 16.94% higher than yesterday and 32.07% 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 Mar 21, 2024 when GBP/USD traded near 1.27. 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.

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