USD Technical Analysis: DXY Running Back into Long-term Levels
The DXY is on its way back higher and on that testing significant resistance after a big May monthly reversal; levels and lines to watch.
EUR/JPY IG Client Sentiment: Our data shows traders are now at their least net-long EUR/JPY since Mar 23 when EUR/JPY traded near 133.30.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bullish contrarian trading bias.
GBP/JPY IG Client Sentiment: Our data shows traders are now at their least net-long GBP/JPY since Jan 16 when GBP/JPY traded near 156.28.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/JPY-bullish contrarian trading bias.
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