EURJPY has the largest open interest for retail traders. From previous analysis we can Expect a strong EUR based on the Cot Reports. EURJPY uptrend on a weekly chart is very much intact. Price has made Equal Lows ( Double Bottom) and hit a weekly Demand zone. Id like to see a close above 142.944 and then go long here. Should price coming down and do a stop hunt below the Equal lows the risk reward will be much better. Let’s wait and see. With retail traders being 69% short we could see a very quick move up here
