Daily HFT Trade Setup – AUDJPY Backs Off From HFT Selling Pressure Zone
We are analysing the activity of high frequency Fx trading algorithms this morning and note that the AUDJPY has already reached and backed off from the light HFT selling pressure zone that is located today at 85.94 and above.
Sellers apparently came into the market and pushed back on the bullish attempt. AUDJPY is now attacking the lows at around 85.60. a break of which should open "easy" downside potential toward the 85.50 level.
If the 85.50 round number falls as well, then the next area to come in focus will be the light HFT buying pressure zone that is noted today at 85.39 and below.