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The analysis of HFT algorithms indicates a potential bullish setup on the EURJPY pair that may offer attractive opportunities to go long in today's day-trading session.
Namely, EURJPY earlier this morning reached the light HFT buying pressure zone that is located at 130.87 and below. After an initial short-lived reaction, the bears are now pushing further down into the HFT buy zone. However, EURJPY bulls will remain on edge to pull the trigger on a buy trade should the opportunity arises.
The light HFT selling pressure zone is located today at 131.5 and above.
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