Number of traders net-short has decreased by 20.65% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
62.78% |
37.22% |
18.91%
10.08% |
-6.46%
-20.65% |
8.01%
-3.78% |
EUR/JPY: Retail trader data shows 62.78% of traders are net-long with the ratio of traders long to short at 1.69 to 1. Our data shows traders are now at their most net-long EUR/JPY since Sep 22 when EUR/JPY traded near 128.38. The number of traders net-long is 18.91% higher than yesterday and 10.08% higher from last week, while the number of traders net-short is 6.46% lower than yesterday and 20.65% 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.
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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