JAPANESE YEN SENTIMENT ANALYSIS
GBP/JPY RETAIL TRADER DATA:
27.58% of traders are net-long
Short-to-long ratio: 2.63 to 1
Net-long positions: +1.63% daily, +21.43% weekly
Net-short positions: +1.45% daily, -13.25% weekly
While the contrarian view suggests continued GBP/JPY price increases due to net-short positioning, recent sentiment changes warrant caution. The significant weekly increase in long positions and decrease in short positions may signal a potential downward price reversal, despite the overall net-short market stance.
27.58% of traders are net-long
Short-to-long ratio: 2.63 to 1
Net-long positions: +1.63% daily, +21.43% weekly
Net-short positions: +1.45% daily, -13.25% weekly
While the contrarian view suggests continued GBP/JPY price increases due to net-short positioning, recent sentiment changes warrant caution. The significant weekly increase in long positions and decrease in short positions may signal a potential downward price reversal, despite the overall net-short market stance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.