Daily HFT Trade Setup – EURJPY Is Climbing Toward HFT Sell Zone
We are analyzing the activity of high frequency trading algorithms in the Forex market this morning and note that EURJPY could later reach saleable price levels at the light HFT selling pressure zone that is located at 133.32 and above.
EURJPY is currently rising toward this HFT zone and could reach it in the following hours. Fx traders will look for bearish setups or signals to potentially short the pair for an intraday reversal to the downside.
The light HFT buying pressure zone is found today at 132.9 and below.
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