Jason Rogers
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British Pound Expected to Continue Higher versus Yen
According to David Rodriguez's Weekly Speculative Sentiment Index report on DailyFX.com, the ratio of long to short positions in the GBP/JPY stands at -2.68 as 27% of traders are long. Yesterday the ratio was -1.97; 34% of open positions were long.
Past performance is not necessarily indicative of future results.
Long positions are 19.1% lower than yesterday and 20.7% below levels seen last week. Short positions are 10.0% higher than yesterday and 8.5% above levels seen last week.
Past performance is not necessarily indicative of future results.
We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the GBP/JPY may continue higher.
Past performance is not necessarily indicative of future results.
The trading crowd has grown further net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further bullish trading bias.
According to David Rodriguez's Weekly Speculative Sentiment Index report on DailyFX.com, the ratio of long to short positions in the GBP/JPY stands at -2.68 as 27% of traders are long. Yesterday the ratio was -1.97; 34% of open positions were long.
![ssi_table_story_body_Picture_7.png](/proxy.php?image=https%3A%2F%2Fmedia.dailyfx.com%2Fillustrations%2F2015%2F06%2F25%2Fssi_table_story_body_Picture_7.png&hash=e1c5fa94ce7a088e4e08d2a3cd1a38fc)
Past performance is not necessarily indicative of future results.
Long positions are 19.1% lower than yesterday and 20.7% below levels seen last week. Short positions are 10.0% higher than yesterday and 8.5% above levels seen last week.
![ssi_table_story_body_Picture_8.png](/proxy.php?image=https%3A%2F%2Fmedia.dailyfx.com%2Fillustrations%2F2015%2F06%2F25%2Fssi_table_story_body_Picture_8.png&hash=c21c63ea10522f2e459f847552900b96)
Past performance is not necessarily indicative of future results.
We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the GBP/JPY may continue higher.
![ssi_gbp-jpy_body_Picture_1.png](/proxy.php?image=https%3A%2F%2Fmedia.dailyfx.com%2Fillustrations%2F2015%2F06%2F25%2Fssi_gbp-jpy_body_Picture_1.png&hash=f0327fb62d2c2ce07afa20b63e2da1f7)
Past performance is not necessarily indicative of future results.
The trading crowd has grown further net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further bullish trading bias.