EURJPY's price action and activity of HFT algorithms today show that trading opportunities from the short side could exist here during today's session.
For instance, EURJPY has already reached the light HFT selling pressure zone that is noted today at 127.93 and above. The bullish attempt got rejected there as soon as the price touched the HFT area, signaling that sellers may be taking control here.
Additional confirmation for a reversal could come from indicators such as the FxTR Master MACD (show on the chart) or reversal patterns and breakouts of intraday support levels.
To bears may aim for the light HFT buying pressure zone that is noted at 127.44 and below.
Don't Miss: Stay On Top Of The Game By Reading Our Weekly Forex Forecast Of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)