Retail Forex Trading:SSI: GBPJPY Ratio Reaches an Almost-Unbelievable 16:1

Discussion in 'Trading' started by ASusilovic, Sep 14, 2011.

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    GBPJPY - The ratio of long to short positions in the GBPJPY stands at 16.37 as nearly 94% of traders are long. Yesterday, the ratio was at 6.95 as 87% of open positions were long. In detail, long positions are 99.7% higher than yesterday and 68.3% stronger since last week. Short positions are 15.2% lower than yesterday and 56.7% weaker since last week. Open interest is 85.2% stronger than yesterday and 49.3% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

    94% of retailers are long GBP/JPY at this specific retail broker. This cries for a sharp sell off and capitulation...