Daily HFT Trade Setup – AUDJPY Consolidation Range Between HFT Buy and Sell Zones
We are analyzing the activity of HFT algorithms this morning and note that the AUDJPY pair is consolidating in a range in today's session between the two light HFT zones.
The 60 pips range comes after the decline on Friday and could indicate sellers have the upper hand in the short term.
The light HFT buying pressure zone is located at 91.03 and below. To the upside, the light HFT selling pressure zone is noted at 92.91 and above.