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How GBPCHF positioning is sitting
Retail traders are currently 60% short on GBPCHF — one-sided enough to start counting as a contrarian signal, which our engine begins to weigh from 60%. That is 6 points more long than a week ago. The book has stayed net short for 22 readings in a row. Across the last 22 readings it has swung between 30% and 48% long.
We read positioning against the crowd: the more one-sided the book, the more weight it carries as a contrarian signal, and below 60% it carries none. It is one of five factors in the signal for this pair — never a trade on its own. The full read, with levels, patterns and volatility, is on the GBPCHF analysis page.