Friday, January 17

Our knowledge exhibits merchants are actually net-long EUR/JPY for the primary time since Nov 26, 2019 when EUR/JPY traded close to 120.24.

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EUR/JPY chart

Variety of merchants net-short has decreased by 18.26% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


EUR/JPY

BEARISH

49.92%

50.08%

-2.61%
Each day

-15.30%
Weekly

-17.13%
Each day

-18.26%
Weekly

-10.46%
Each day

-16.81%
Weekly

EUR/JPY: Retail dealer knowledge exhibits 49.92% of merchants are net-long with the ratio of merchants quick to lengthy at 1.00 to 1. In truth, merchants have remained net-long since Nov 26 when EUR/JPY traded close to 120.24, worth has moved 0.18% decrease since then. The variety of merchants net-long is 2.61% decrease than yesterday and 15.30% decrease from final week, whereas the variety of merchants net-short is 17.13% decrease than yesterday and 18.26% decrease from final week. We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests EUR/JPY costs could proceed to rise. Our knowledge exhibits merchants are actually net-long EUR/JPY for the primary time since Nov 26, 2019 when EUR/JPY traded close to 120.24. But merchants are much less net-short than yesterday and in contrast with final week. Latest modifications in sentiment warn that the present EUR/JPY worth development could quickly reverse decrease regardless of the very fact merchants stay net-short.





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