Daily HFT Trade Setup – USDJPY Stops at HFT Sell Zone
We are analyzing the activity of high-frequency trading algorithms today and note that the USDJPY pair may offer attractive trade setups from the short side.
Namely, earlier today USDJPY hit the light HFT selling pressure zone that is located at 110.47 and above, and stopped there. The bullish attempt was rejected, and the pair looks like turning a corner at this point. However, there is no strong bearish signal confirmed so far, an hour before the start of the New York session.
If USDJPY turns, the bears will look for potential targets toward the light HFT buying pressure zone, which is located today at 109.83 and below.
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