Daily HFT Trade Setup – USDJPY Displaying Bullish Signs at HFT Buy Zone

 
 
 
 
 
 
 

The analysis of Fx HFT algorithms shows USDJPY could offer buy setups in the current day-trading session.

Namely, USDJPY has been rejected several times in the past couple of sessions around the 109.15 level (see chart). Moreover, this support zone stands inside the light HFT buying pressure zone today, which is located at 109.13 and below. This confluence of factors may attract enough buyers to fuel a new bull leg here on the 1-hour USDJPY chart.

To the upside, the light HFT selling pressure zone is seen at 109.6 and above for today's session.