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HFT algorithms' activity in the Forex market this morning shows that the EURJPY currency pair may provide trading setups from the long (bullish) side.
Namely, EURJPY fell earlier in the session and reached the light HFT buying pressure zone that is located today at 142.1 and below. However, the bearish attempt was stopped here at the HFT buying zone, and the price reacted strongly.
Stronger bullish pressures could help to extend the EURJPY in today's session. Traders will be looking at upside potential toward the light HFT selling pressure zone, which is located today at 143.47 and above.
Don't Miss: Stay on top of the game by reading our Weekly Forex Forecast of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)
