This morning's analysis of high-frequency algorithms shows that the GBPUSD currency pair may offer interesting opportunities from the long side today.
Namely, GBPUSD was falling steadily during the Asian session, and now reached the light HFT buying pressure zone that is located at 1.3672 and below. The price reacted strongly there, and the downside attempt was sharply reversed. GBPUSD is now trading out and above the HFT buy zone.
The advanced FxTR Divergence indicator is also confirming the bullish reversal on the hourly chart. To the topside, Fx traders may look for targets toward the 1.3740 highs' resistance or the light HFT selling pressure zone that is noted today 1.3768 and above.
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