Daily HFT Trade Setup – GBPUSD 30 Pips Bounce at HFT Buying Zone
HFT algorithms’ activity in today’s trading session shows that the GBPUSD currency pair may provide opportunities to go long on the market.
For instance, GBPUSD earlier reached the light HFT buying pressure zone that is noted at 1.2497 and below. The price reacted strongly there and GBPUSD rebounded by around 30 pips off the lows. Fx traders will now be watching for a further move higher and break of that intraday resistance around 1.2540-50 (see chart below)
Further to the upside, the light HFT selling pressure zone is located today at 1.2582 and above.
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