Forexrobots24

forex advisor developer

EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Oct 01, 2020 when EUR/JPY traded near 123.97.

EUR/JPY Client Positioning

Number of traders net-short has decreased by 32.65% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/JPY

BEARISH

50.00%

50.00%

5.38% Daily

53.73% Weekly

-14.78% Daily

-32.65% Weekly

-5.77% Daily

-6.33% Weekly

EUR/JPY: Retail trader data shows 50.00% of traders are net-long with the ratio of traders long to short at 1.00 to 1. In fact, traders have remained net-long since Oct 01 when EUR/JPY traded near 123.97, price has moved 0.67% lower since then. The number of traders net-long is 5.38% higher than yesterday and 53.73% higher from last week, while the number of traders net-short is 14.78% lower than yesterday and 32.65% lower from last week.

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

Our data shows traders are now net-long EUR/JPY for the first time since Oct 01, 2020 when EUR/JPY traded near 123.97. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.

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