Our data shows traders are now at their most net-long EUR/JPY since Aug 18 when EUR/JPY traded near 128.61.

Our data shows traders are now at their most net-long EUR/JPY since Aug 18 when EUR/JPY traded near 128.61.

Number of traders net-short has decreased by 40.57% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/JPY

BEARISH

62.28%

37.72%

13.97%
Daily

36.84%
Weekly

-10.00%
Daily

-40.57%
Weekly

3.57%
Daily

-8.24%
Weekly

EUR/JPY: Retail trader data shows 62.28% of traders are net-long with the ratio of traders long to short at 1.65 to 1. Our data shows traders are now at their most net-long EUR/JPY since Aug 18 when EUR/JPY traded near 128.61. The number of traders net-long is 13.97% higher than yesterday and 36.84% higher from last week, while the number of traders net-short is 10.00% lower than yesterday and 40.57% lower 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.

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.

element inside the element. This is probably not what you meant to do!
Load your application’s JavaScript bundle inside the element instead.

Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2021/09/22/EURJPY-IG-Client-Sentiment-0825.html
By: Research

Written by:

6,220 Posts

View All Posts
Follow Me :

Leave a Reply

%d bloggers like this: