IG sentiment looks at percentage of traders in a certain position. At the moment, the UJ sits at 60% long. The big banks play the opposite of this sentiment. In addition, it looks like the recent low retraced to resistance around 108.560. I will short if the UJ does not break the 108.560. Also looking closely at the trend channel which appears to be broken.
Order cancelled:
When this broke 109.00 the trade changed.