USD/JPY Bottom of the Range
מעודכן
Retail trader data shows 59.4% of traders are net-long with the ratio of traders long to short at 1.47 to 1. In fact, traders have remained net-long since Dec 18 when USDJPY traded near 112.517; price has moved 1.6% lower since then. The number of traders net-long is 0.4% higher than yesterday and 3.6% lower from last week, while the number of traders net-short is 4.6% higher than yesterday and 10.7% lower from last week.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDJPY prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further MIXED USDJPY trading bias.
I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDJPY prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further MIXED USDJPY trading bias.
הערה
USD/JPY goes in contrarian direction as most retail traders trade.
כתב ויתור
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