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Net-Long Positions Fall to a 4-month Low GBPUSD: Retail trader data shows 63.1% of traders are net-long with the ratio of traders long to short at 1.71 to 1. In fact, traders have remained net-long since Apr 20 when traded near 1.40768; price has moved 6.9% lower since then. The number of traders net-long is 7.7% lower than yesterday and 20.6% lower from last week, while the number of traders net-short is 15.7% higher than yesterday and 9.2% lower from last week. Having trouble with your strategy? GBPUSD Sentiment Suggest That Price Could Climb Higher We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPUSD prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
About your FOREX.com Demo Account A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment.