Daily HFT Trade Setup – HFT Algorithms Buying USDJPY at HFT Buying Zone
This morning's analysis of HFT algorithms' activity in the Fx market indicates potential bullish trade setups could exist on the USDJPY pair in today's session.
Namely, USDJPY fell during the Asian session and reached the light HFT buying pressure zone, which is noted today at 135.68 and below. The price is reacting well there, and the first bearish attempt was already stopped. However, the bears are staging a 2nd attempt, and it remains to be seen if bullish pressures will emerge here and be able to turn this around again.
The bulls will be looking at the upside for a return above the 136.00 round number. The light HFT selling pressure zone is located at 136.71 and above.
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