Daily HFT Trade Setup – GBPUSD Reached the HFT Selling Pressure Zone
Today's analysis of the Fx high-frequency trading algorithms shows that GBPUSD might be a potential sell opportunity in the latter part of the session.
Namely, the so-called cable Fx pair reached the light HFT selling pressure zone that is located today at 1.3746 and above. The price is already reacting well there, though it is too early for any reversal or sell signals to be formed. Technical indicators can provide more clues for that, e.g., our advanced FxTR Divergence indicator is near the overbought territory (shown under the candle price chart).
To the downside, the light HFT buying pressure zone is noted today at 1.3666 and below.