Daily HFT Trade Setup – AUDJPY Climbing Toward HFT Sell Zone
We are analysing HFT algorithms in the Forex market this morning and note that the AUDJPY currency pair is climbing toward the light HFT selling pressure zone that is located at 94.47 and above.
This is a technical resistance zone also here on the 1-hour timeframe, which suggests higher chances for a bearish setup to occur. Fx traders can look for shorting opportunities if AUDJPY reaches the HFT selling zone in today's trading session.
The light HFT buying pressure zone is noted today at 92.77 and below.