Daily HFT Trade Setup – EURJPY Pressed Toward HFT Buying Zone

 
 
 
 
 
 
 

Today's analysis of high-frequency trading algorithms this morning shows us that the EURJPY pair is moving closer to the light HFT buying pressure zone that is located today at 131.53 and below.

This could potentially give rise to bullish trade setups if EURJPY reaches the HFT buy zone later today, as a greater number of buyers is likely to enter the market in this area.

Local support also exists here around the 111.50 round number level and the intraday highs and lows from last week.

A potential sell reversal, as well as a TP target area, is the light HFT selling pressure zone, which is noted for the current session at 132.08 and above.