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We are analyzing the Fx market this morning and note that the rally in GBPUSD has stalled after entering the light HFT selling pressure zone is located today at 1.361 and above.
As determined by advanced high frequency trading algorithms, these buy and sell zones represent price areas where there is likely to exist stronger buying or selling interest.
GBPUSD is reacting with at the HFT selling zone today, and the bears will be looking for shorting setups to trigger their entires. The 1.3600 round number level is also located today inside the HFT zone.
The light HFT buying pressure zone is noted at 1.3538 and below.
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