This morning's analysis of high-frequency trading algorithms in the currency market shows that the EURJPY pair may later reach the light HFT buying pressure zone that is located at 126.74 and below.
EURJPY opened the week at the HFT zone and rallied straight up through the Asian session. The price now trades slightly above the HFT zone, but if it's reached again, Fx traders will be looking for buyable opportunities.
To the upside, potential targets may be found inside the light HFT selling pressure zone that is today noted at 127.39 and above.
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