GBPUSD: Our latest retail customer positioning report shows that 71.1% of traders are clearly in long positions since the ratio of long traders to short traders is 2.45 to 1.

In fact, traders have clearly remained long since May 6 when GBPUSD was trading near 1,29855. Since then, the price has moved down 5.9%. Specifically, the number of traders clearly long is 7.8% lower than yesterday and 7.7% lower than last week.

On the other hand, the number of traders clearly short is 10.8% higher than yesterday and 26.4% higher than last week.

We generally take a perspective contrary to the sentiment of the crowd, and the fact that traders are clearly positioned long suggests that GBPUSD prices could continue to fall.

However, clearly, long traders are in a smaller proportion than yesterday and last week. Therefore, recent changes in sentiment alert us that the current price trend in the GBPUSD may soon be reversed, even though financial operators are clearly long.