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HFT algorithms' activity in the Fx market shows that the EURJPY pair could provide bullish opportunities in today's day trading session.
For instance, earlier this morning, EURJPY rebounded strongly at the light HFT buying pressure zone that is located at 128.49 and below.
The tall green candle formed a bullish engulfing pattern on the hourly EURJPY chart. Bulls may use this as a signal to go long on the pair.
To the upside, the light HFT selling pressure zone - noted at 129.13 and above - will be of interest, as will the previous highs in this same area.
Don't Miss: Stay on top of the game by reading our Weekly Forex Forecast of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)
