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#626 (permalink)

10-26-2007, 01:38 PM

Antonio Sousa Antonio Sousa is offline

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62% of retail traders are long USDJPY (long to short ratio is 1.67). Moreover, since last week, retail has been aggressively buying USDJPY (long positions are up by 25.6%). In the past, when retail was long and buying more, the USDJPY has sold off in the following days. The SSI gives us a STRONG SIGNAL TO SELL USDJPY.

Source: FXCM Dealing Desk

For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/strateg...903946044.html

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