Number of traders net-short has decreased by 20.05% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIEU
Number of traders net-short has decreased by 20.05% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/JPY | BEARISH | 43.36% | 56.64% |
-1.69% Daily -2.52% Weekly |
-9.82% Daily -20.05% Weekly |
-6.47% Daily -13.29% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -2% | -10% | -6% |
| Weekly | -3% | -20% | -13% |
EUR/JPY: Retail trader data shows 43.36% of traders are net-long with the ratio of traders short to long at 1.31 to 1. Our data shows traders are now at their most net-long EUR/JPY since Dec 18 when EUR/JPY traded near 155.86. The number of traders net-long is 1.69% lower than yesterday and 2.52% lower from last week, while the number of traders net-short is 9.82% lower than yesterday and 20.05% lower 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.
Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current EUR/JPY price trend may soon reverse lower despite the fact traders remain net-short.
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