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The analysis of HFT algorithms today shows that the uptrend in USDJPY is continuing, and the pair has now reached the light HFT selling pressure zone that is located at 110.53 and above.
The bears will be looking for a possible reversal lower here, but the uptrend is strong, and currently, there is no clear sign that it may be coming to an end.
If the trend continues, USDJPY may move higher and also reach the meidum HFT selling pressure zone, that is located at 111.146 and above.
To the downside, the light HFT buying pressure zone for today is located at 109.91 and below.
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