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Thread: Discuss the USD/JPY with a DailyFX Analyst
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Old 10-09-2007, 05:03 PM
Antonio Sousa Antonio Sousa is offline
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57% of retail traders are long USDJPY (long to short ratio is 1.30). However, since last week, retail has been selling the USDJPY (short positions are up by 23.9%). When retail is long but reduces its exposure, the long term direction remains bearish but the market might have some upside in the short term. The SSI gives us a MEDIUM SIGNAL TO SELL USDJPY.
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