Daily HFT Trade Setup – USDJPY Retracing Toward HFT Buying Zone
We are analyzing Fx HFT algorithms this morning and note that the USDJPY pair is consolidating following a strong move higher and is now approaching the light HFT buying pressure zone that is located at 137.82 and below.
The bulls will surely be looking for trend continuation setups, particularly in the HFT zone, where more buyers could enter the market and lift USDJPY higher again.
Under 137.00, there is also technical support at the 136.50 and 136.00 zones. On the upside, the light HFT selling pressure zone is located at 139.29 and above.