Daily HFT Trade Setup – USDJPY Double Top at HFT Sell Zone
Fx high frequency trading algorithms today indicate that the USDJPY pair may soon turn down on the session.
USDJPY has today risen above 114.00 from a low of 113.65, reached during the overnight Asian session.
USDJPY is now testing the light HFT selling pressure zone, noted at 114.09 and above. The price has already reacted, and a rejection of the highs seems to be underway. A return back below 114.00 will certainly encourage more bears to enter the market.
The light HFT buying pressure zone is located at 113.56 and below.
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