Retail trader data shows 51.8% of traders are net-long with the ratio of traders long to short at 1.07 to 1. The percentage of traders net-long is now its highest since Mar 12 when EURJPY traded near 125.632. The number of traders net-long is 32.1% higher than yesterday and 6.4% higher from last week, while the number of traders net-short is 34.5% lower than yesterday and 23.5% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURJPY 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 EURJPY-bearish contrarian trading bias.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURJPY 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 EURJPY-bearish contrarian trading bias.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.