Daily HFT Trade Setup – EURJPY Moving Between HFT Buy & Sell Zones

We are analyzing the activity of high frequency trading algorithms in the Forex market this Friday morning and note that the EURJPY pair has been trading in a range for the past few sessions.

Namely, this morning, EURJPY is moving between the two light HFT zones, noted as follows:

• light HFT selling pressure zone, located today at 129.56 and above.
• light HFT buying pressure zone, located today at 128.84 and below.

Forex traders may want to wait for one of the zones to be reached where they can look for trade setups, possibly as part of a range trading strategy.

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