Daily HFT Trade Setup – EURJPY Is Nearing the HFT Buying Zone
The analysis of HFT algorithms in the current Friday-trading session shows that the EURJPY pair is gradually moving down and approaching the light HFT buying pressure zone - noted at 128.21 and below - which is a potential reversal zone.
Bullish signals that may appear in the HFT zone will give a clue as to whether EURJPY will be reversing here or not. The prior lows in this area should add to any potential bullish forces and could help lift the pair higher.
To the upside, the light HFT selling pressure zone is located today at 129.4 and above.
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