Daily HFT Trade Setup – EURJPY Backs Off from HFT Sell Zone
Today's activity of high frequency trading algorithms indicates that the EURJPY pair could give an attractive opportunity to go short.
Namely, EURUSD made a bullish attempt at the light HFT selling pressure zone - located at 132.1 and above - and then backed off there.
The price reaction is not large at the moment, so further bullish attempts cannot be excluded at this stage. However, as more sellers are attracted in this area, a reversal and further selling may eventually come.
The light HFT buying pressure zone for today's session is located at 131.54 and below.
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