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High frequency Fx trading algorithms are indicating today that the EURJPY currency pair may offer attractive opportunities from the short side.
Namely, EURJPY already reached the light HFT buying pressure zone that is noted at 131.06 and below. The price reacted well here and quickly rebounded as soon as it touched the HFT buy zone.
The advanced FxTR Divergence indicator is showing a buy signal based on bullish divergence that is present on the hourly timeframe (see chart).
To the upside, the light HFT selling pressure zone today is located at 131.55 and above.
Don't Miss: Stay On Top Of The Game By Reading Our Weekly Forex Forecast Of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)
