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We are analysing high-frequency Fx trading algorithms this morning and see that the GBPUSD pair is flagged as a potential shorting opportunity for today's session.
For instance, the pair reached1 the light HFT selling pressure zone that's standing at 1.3807 and above, and was stopped there. GBPUSD fell and is now trading in this sort-of intraday range between 1.38 and 1.3750.
The convergence of the HFT zones with this range suggests there is good potential for trading opportunities to be created.
To the downside, the bears may target the light HFT buying pressure zone that is located at 1.3742 and below for today's session.
Don't Miss: Stay On Top Of The Game By Reading Our Weekly Forex Forecast Of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)
