Daily HFT Trade Setup – USDJPY Moving Into HFT Buying Zone
We are analyzing the activity of HFT algorithms in today's trading session and note that the USDJPY pair may provide trade opportunities from the long side again.
For instance, USDJPY is moving closer to reaching the light HFT buying pressure zone, which is noted today at 134.35 and below. Bullish pressures are likely to get stronger inside the HFT area as a larger number of buyers would come into the market, particularly given the ongoing dominant trend on larger timeframes.
To the upside, the light HFT selling pressure zone, located at 135.96 and above.
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