EMkioko

EURJPY Buy trade

Long
EMkioko Updated   
FX:EURJPY   Euro / Japanese Yen
EURJPY
-Has generally been on a uptrend. Currently have 18% net long and 82% net short retail positions.

-When we look at the weekly change in position we see that we got a 35% decrease in long positions and a 32% increase in short positions.

-On the daily charge, a 10% increase in long positions has been noted while the short positions increased only by 2%.

-From this informations, we could postentially witness a slight drop in the pair, given that its monday too, but overally, with the sharp decrease on the long positions compared to the increase in the short positions, we could see eurjpy gains as the week proceeds.

-Enjoy.
Trade active:

-Eurjpy moving slowly in the early days of the week but we could see quite some momentum as the week progresses.

-Slight resistance at 147.344 but if we do break that point the its game over.

-Ill be looking for buy signals above 147.50

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