Daily HFT Trade Setup – EURJPY Climbing Toward HFT Selling Zone

This morning's analysis of high-frequency trading algorithms indicates that the EURJPY pair could provide reverse trading opportunities from the short side.

Namely, EURJPY is rising this morning and is currently poking into the light HFT selling pressure zone that is seen today at 131.90 and above.

It is still early in the session, and no bearish signal has appeared yet, but the probabilities for that have increased now that EURJPY is trading at the light HFT sell zone.

In addition, the advanced FxTR Divergence indicator is also signalling that bearish divergence exists around current levels on the 1-hour timeframe (see chart).

EURJPY bears may look toward the light HFT buying pressure zone for potential targets, which is located today at 131.40 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)