Daily HFT Trade Setup – EURJPY Starts Moving Up at HFT Buying Zone

The activity of HFT algorithms today shows that the EURJPY currency pair could extend the bullish move higher following the rebound in the light HFT buying pressure zone today, which is located at 129.81 and below.

Simultaneously, the strong rebound occurred at oversold levels, which is shown by the advanced FxTR indicator for determining overbought and oversold levels (see chart below). This is often seen as an additional supportive factor for price.

To the upside, the light HFT selling pressure zone for EURJPY today is located at 130.52 and above.

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