Daily HFT Trade Setup – HFT Algorithms Push USDJPY Lower
We are analyzing Fx HFT algorithms today and note increased selling activity on the USDJPY pair above the 136.00 level.
Namely, USDJPY was on the rise early in the Asian session to reach the light HFT selling pressure zone, located today at 136.00 and above. The price reacted well there, and the bullish attempt was rejected.
USDJPY is trading lower now, and the bears may aim for the prior lows around 134.75. The light HFT buying pressure zone is also located in this area, cited for today's session at 135.01 and below.
Don't Miss: Stay on top of the game by reading our Weekly Forex Forecast of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)