Skip to Content
News & Analysis at your fingertips.
Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
USD/JPY and GBP/JPY – Latest Sentiment Analysis and Charts

USD/JPY and GBP/JPY – Latest Sentiment Analysis and Charts

Nick Cawley, Senior Strategist

Share:

What's on this page

USD/JPY and GBP/JPY – Latest Sentiment Analysis and Charts

Our Brand New Q3 Japanese Yen Technical and Fundamental forecasts are now available to download:

JPY Forecast
JPY Forecast
Recommended by Nick Cawley
Get Your Free JPY Forecast
Get My Guide

USD/JPY: Mixed Trading Bias

image1.png

Recent retail trader data indicates 20.37% of traders hold net-long positions, with a short-to-long ratio of 3.91 to 1. Net-long traders decreased by 1.11% daily but increased by 15.77% weekly. Conversely, net-short traders increased by 0.29% daily but decreased by 9.29% weekly.

Our contrarian approach to market sentiment suggests potential USD/JPY price increases, given the predominantly short positions. However, the mixed short-term changes in positioning yield an unclear USD/JPY trading outlook.

How to Trade USD/JPY
How to Trade USD/JPY
Recommended by Nick Cawley
How to Trade USD/JPY
Get My Guide

USD/JPY Daily Price Chart

image2.png

GBP/JPY: Lower Prices Ahead?

image3.png

Current retail trader data indicates 22.95% net-long positions, with a short-to-long ratio of 3.36 to 1. Net-long traders increased by 15.86% daily and 28.24% weekly. Net-short traders rose 0.53% daily but decreased 4.57% weekly.

Our contrarian approach to market sentiment suggests potential GBP/JPY price increases, given the predominantly short positions. However, the reduction in net-short positions over both daily and weekly timeframes signals a possible downward price reversal.

GBP/JPY Bearish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 7% 0% 2%
Weekly 2% -15% -11%
What does it mean for price action?
Get My Guide

GBP/JPY Daily Price Chart

image4.png

All price charts using TradingView

What is your view on the Japanese Yen– bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES