Forex Alert

GBP/JPY IG Client Sentiment: Our data shows traders are now at their least net-long GBP/JPY since Jun 11 when GBP/JPY traded near 134.40.

GBP/JPY IG Client Sentiment: Our data shows traders are now at their least net-long GBP/JPY since Jun 11 when GBP/JPY traded near 134.40.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bullish contrarian trading bias.

Source: DailyFX – Technical Analysis
Date: January 30, 2021, 03:23