Possible short
Updated
IG sentiment looks at percentage of traders in a certain position. At the moment, the UJ sits at 60% long. The big banks play the opposite of this sentiment. In addition, it looks like the recent low retraced to resistance around 108.560. I will short if the UJ does not break the 108.560. Also looking closely at the trend channel which appears to be broken.
Order cancelled
When this broke 109.00 the trade changed.
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