We are analyzing the activity of high frequency trading algorithms this morning and note that the USDJPY pair has turned bullish in the last hour.
Namely, USDJPY reached the light HFT buying pressure zone that is located at 108.62 and below, and reversed sharply there.
The price reacted strongly as soon as it entered the HFT buying area. The charts are also showing that the bulls are now in control here on the hourly timeframe.
The light HFT selling pressure zone is located today at 108.92 and above.
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