Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.
Source
GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Dec 22, 2023 09:00 GMT when GBP/USD traded near 1.27.
