Daily HFT Trade Setup – USDJPY Testing HFT Buy Zone & Range Support
We are analyzing the activity of HFT algorithms this morning and note that the USDJPY pair may offer some bullish trade setups in the current session.
For instance, USDJPY reached the light HFT buying pressure zone earlier this morning, which is located at 129.96 and below. The price reaction so far has been modest and there is no convincing bullish signal on intraday charts yet.
However, the potential for a stronger reaction remains, particularly as the HFT zone converges with lows from recent days. Stronger buying pressures may emerge here and lift the pair.
To the upside, the light HFT selling pressure zone is noted at 130.74 and above.
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