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We are analyzing HFT algorithms in the Fx market this morning and activity indicates that the GBPJPY pair may provide trading opportunities from the bullish side now that it has reached the light HFT buying pressure zone that is located at 155.71 and below.
The advanced FxTR overbought/oversold indicator is also entering the oversold area, which can be an additional tailwind for the pair in today's trading session.
To the upside, the light HFT selling pressure zone is located at 157.56 and above.
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