Daily HFT Trade Setup – USDJPY Trading Between HFT Buy & Sell Zones
The activity of high frequency Fx trading algorithms this morning shows that the USDJPY pair is range-bound of what could be another volatile session in the FX marekt.
Namely, USDJPY is trading so far today between the two nearby HFT zones, which are noted at the following price areas:
- the light HFT buying pressure zone is located today at 113.25 and below.
- the light HFT selling pressure zone is located today at 113.86 and above.
USDJPY is also rangebound in recent days, so traders may look for such opportunities today as well, especially given that a massive breakout is unlikely in the face of the important PCE inflation data later today, as well as the Fed meeting and NonFarm payrolls next week.
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