We are analysing high-frequency Fx trading algorithms this morning and note that potential trading opportunities from the short side could exist on the USDJPY pair in the day-trading session ahead.
Namely, USDJPY has been moving sideways so far today but is currently trading near the light HFT selling pressure zone today that is located at 110.49 and above.
Traders will look for opportunities to sell USDJPY in the light HFT sell zone, potentially on some reversal setups or other bearish signals.
To the downside, the light HFT buying pressure zone that is located at 110.06 and below can be reached in the bearish scenario.
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