Daily HFT Trade Setup – USDJPY Slips at HFT Selling Zone

We are analyzing the activity of HFT algorithms in the current day trading session and note that the USDJPY pair earlier reached and fell from the light HFT selling pressure zone is located today at 113.76 and above.

The daily range so far today is a tight 20 pips, with a low around 113.50. It seems the holiday mood is already setting in, and the low volatility may last for the whole day.

A break below the mentioned 113.50 low could potentially open up further downside toward the light HFT buying pressure zone that is located today at 113.36 and below. Previous lows in this area, together with the HFT buy zone should then help to attract buy orders (of what's left in the thin market) here.

Don't Miss: Stay On Top Of The Game By Reading Our Weekly Forex Forecast Of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)