The analysis of the activity of Fx high-frequency trading algorithms this morning shows that the EURJPY pair might be a potential sell opportunity in the current session.
Namely, EURJPY reached the light HFT selling pressure zone, which is noted today at 129.42 and above, and was rejected there several times. The bears prevailed and pushed down on the bullish attempting. Several bearish candlestick patterns have now formed on the hourly EURJPY chart.
EURJPY bears will consider levels toward the light HFT buying pressure zone for potential targets. It is located at 128.82 and below for today's trading session.
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