AUD/JPY: Based on retail market positioning, it will struggle to break 93.00
- USD/JPY market caught with stale longs (see data);
- Similarly the AUD/USD market might also struggle to move much higher (see data).
Obviously this is just one small cross section from one retail broker but if this data is an indication of market wide positioning then both AUD/USD and USD/JPY will struggle to break much higher.
Hi Sean, how should we read market positioning?
If mkt is short already then more likely to go higher once short positions start to cover and vice-versa
thanks but it looks like aud/usd is marching higher.
Hi Sean, can you advise any other retail broker which has similar info on order book?
Just to see (compare) how positioning looks over there ?
Big picture Vlad, no good as 50 pip indicator
Sorry Kamran, don’t know but would also like to 🙂
If you find a 50 pip indicator let me know. 🙂 Thanks Sean.
Hi sean, im a long term follower of fxww. do i need to wait to get access to your twitter account?
No Rahul, https://twitter.com/Sean_lee_forex is open access. Have you also tried out chat-room?