Daily HFT Trade Setup – USDJPY Stalled at HFT Sell Zone


The analysis of high-frequency trading algorithms' activity in the Fx market this Monday morning shows that the USDJPY has reached interesting levels that may offer opportunities to short the market.

For instance, USDJPY reached the light HFT selling pressure zone in the early European hours. The light HFT sell zone is noted today between 105.65 and 106.083, and represents an area where sellers are likely to enter the market. The advanced FxTR Divergence indicator also signaled that bearish divergence exists at this juncture (indicator plotted below the candles).

To the downside, Fx traders may look for USDJPY to reach the light HFT buying pressure zone, which is located today at 105.21 and below.