GBP/JPY: Retail trader data shows 52.94% of traders are net-long with the ratio of traders long to short at 1.12 to 1. In fact, traders have remained net-long since Feb 09 when GBP/JPY traded near 159.32, price has moved 0.55% higher since then. The number of traders net-long is 27.17% higher than yesterday and 6.36% higher from last week, while the number of traders net-short is 33.12% lower than yesterday and 44.68% lower from last week.
QM possible SELL structure. All the best.
SELL LIMIT:
165.070-165.470
TAKE PROFIT:
Refer to mapping
SL 30 PIPS FROM ZONE