EUR/JPY - Break In Bearish Structure!
What Is The Market Telling Us?
What Are Market Participants Doing'?
- Euro long accumulation phase has expanded since 26th of April
- Break of market structure validates bullish momentum incoming
- 62% Fib retracement held price for continuation on bullish run
What Are Market Participants Doing'?
- EUR longs rose +13.1% in past 24 hours as JPY shorts dropped -10.3%
- 81% of retail traders are going short on this pair
- COT Data shows over 10,000+ lots has been added to the EUR over the past week
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