00 GMT when EUR/JPY traded near 118.58.

0
57


EUR/JPY Client Positioning

Number of traders net-short has increased by 7.43% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/JPY

BEARISH

51.24%

48.76%

11.76%
Daily

27.37%
Weekly

-4.82%
Daily

7.43%
Weekly

3.01%
Daily

16.80%
Weekly

EUR/JPY: Retail trader data shows 51.24% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since Mar 18 when EUR/JPY traded near 118.58, price has moved 1.75% higher since then. The number of traders net-long is 11.76% higher than yesterday and 27.37% higher from last week, while the number of traders net-short is 4.82% lower than yesterday and 7.43% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/JPY prices may continue to fall.

Our data shows traders are now net-long EUR/JPY for the first time since Mar 18, 2020 01:00 GMT when EUR/JPY traded near 118.58. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here