Forexrobots24

forex advisor developer

EUR/JPY IG Client Sentiment: Our data shows traders are now at their least net-long EUR/JPY since Jan 14 when EUR/JPY traded near 122.23.

EUR/JPY Client Positioning

Number of traders net-short has increased by 10.34% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/JPY

BULLISH

28.32%

71.68%

-27.76% Daily

-39.38% Weekly

7.18% Daily

10.34% Weekly

-5.73% Daily

-10.46% Weekly

EUR/JPY: Retail trader data shows 28.32% of traders are net-long with the ratio of traders short to long at 2.53 to 1. Our data shows traders are now at their least net-long EUR/JPY since Jan 14 when EUR/JPY traded near 122.23. The number of traders net-long is 27.76% lower than yesterday and 39.38% lower from last week, while the number of traders net-short is 7.18% higher than yesterday and 10.34% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/JPY prices may continue to rise.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bullish contrarian trading bias.