Daily HFT Trade Setup – EURJPY Off the Highs After Rejection at HFT Sell Zone

High frequency trading algorithms' activity on EURJPY shows that potential trading opportunities from the short side could exist on this pair today.

EURJPY reached the light HFT selling pressure zone this morning, which is standing today at 132.59 and above. The pair is now coming off from the highs and a full reversal looks probable.

A bigger breakdown can be triggered with a move below the local intraday lows at 132.40 and 132.30.

The light HFT buying pressure zone is located today at 131.79 and below.

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