Technical data

Our data shows that traders are now at their shortest net EUR/JPY position since October 25, when EUR/JPY was trading near 132.01.

The number of net-short traders increased by 34.60% compared to last week.

SYMBOL

TRADE BIAS

NET-LONG %

NET-SHORT%

CHANGE OF LENGTHS

SHORTS CHANGE

IO CHANGE

EUR/JPY

BULLISH

22.08%

77.92%

-22.16%
Daily

-2.58%
Weekly

-11.75%
Daily

34.60%
Weekly

-14.29%
Daily

24.14%
Weekly

EUR/JPY: Retail trader data shows that 22.08% of traders are net long with a short to long trader ratio of 3.53 to 1. Our data shows that traders are now at their shortest net EUR/JPY position since October 25, when EUR/JPY was trading near 132.01. The number of net long traders is 22.16% lower than yesterday and 2.58% lower than last week, while the number of net short traders is 11.75% lower than yesterday. yesterday and 34.60% higher than last week.

We generally take a view contrary to the sentiment of the crowds, and the fact that traders are net short suggests that EUR/JPY prices may continue to rise.

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

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