Daily HFT Trade Setup – EURJPY Bullish Reaction at HFT Buying Zone
We are analyzing the activity of HFT algorithms today and note that the EURJPY currency pair may provide interesting trading opportunities from the long side.
Namely, EURJPY reached the light HFT buying pressure zone, located today at 125.73 and below, and rebounded as soon as the price touched the HFT area. This may get the bulls excited who look for EURJPY to move higher. Other indicators turning bullish on the hourly chart, such as the FxTR Master MACD indicator, may give the bulls more confidence in expressing their views via long positions.
To the topside, the light HFT selling pressure zone, noted today at 126.29 and above, may be used as a target.
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