Temporal shifts in positioning
Temporal shifts in trader positioning add another layer of complexity to the market outlook. While the number of traders holding long positions has increased by 8.27% since yesterday, it has markedly decreased by 18.64% compared to last week. Conversely, short positions have seen growth both on a daily and weekly basis, at 6.39% and 3.63% respectively.
Mixed trading bias
This nuanced picture of trader sentiment and its recent fluctuations presents a mixed trading bias for the GBP/JPY. The overall net-short positioning has moderated since yesterday but intensified compared to last week, creating a delicate balance of market forces and highlighting a mixed trading bias.
