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We are analyzing Fx high frequency trading algorithms today and note that the CADJPY pair could be an attractive setup for short trades.
CADJPY earlier has reversed at the light HFT selling pressure zone, which is located at 90.64 and above.
The reversal came after brief trading inside the zone and then CADJPY fell sharply to reach the Friday lows around 90.20. This is an important support zone on short-term timeframes. A break below it should open further downside potentail toward the light HFT buying pressure zone that is located today at 89.99 and below.
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