Daily HFT Trade Setup – USDJPY Bullish at HFT Buying Zone
The daily analysis of the activity of Fx HFT algorithms shows that potential buying trading opportunities could exist on the USDJPY currency pair in the day-trading session ahead.
For instance, USDJPY has now reached and reacted at the light HFT buying pressure zone, located at 138.23 and below. The price bounced strongly on the last bearish attempt, forming a pin bar on the hourly timeframe. USDJPY is now well off the daily lows.
To the upside, the light HFT selling pressure zone is located at 138.96 and above.