Daily HFT Trade Setup – GBPUSD Has Reached the Light HFT Buying Zone

 
 
 
 
 
 
 

We are analyzing the activity of HFT algorithms on the GBPUSD pair this morning and find that day-traders may find interest in potential opportunities from the long side.

GBPUSD just reached the light HFT buying pressure zone this morning, which is located at 1.3642 and below. The trend is still bearish, however. As can be seen from the 1-hour chart below, the FxTR Master MACD indicator is still in the red, suggesting deeper tests to the downside are possible.

Nonetheless, GBPUSD bulls will be eager to buy on a bullish signal inside this HFT zone once and if it occurs today.

The light HFT selling pressure zone is located at 1.3742 and above today, which is a potential target area for long positions.

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