Euro / Japanese Yen
Long

EUR/JPY - Break In Bearish Structure!

138
What Is The Market Telling Us?
  • 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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