Daily HFT Trade Setup – USDJPY Range-Trading Toward HFT Buying Zone
We are analyzing the activity of Forex high frequency trading algorithms this morning and note that the USDJPY pair is trading in a range, and also near the the light HFT buying pressure zone that is noted at 128.85 and below.
So far the price has not reached the HFT zone, but the bulls will be watching that possibility as it could indicate potential bullish day-trading opportunities.
The lows of the range are also nearby to the HFT buy area, which could help attract stronger bullish pressures here.
To the upside, the light HFT selling pressure zone is located today at 129.8 and above.
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