Daily HFT Trade Setup – GBPUSD Retracing Out of HFT Buy Zone

We are analyzing Forex high frequency trading algorithms in today's session and note that the GBPUSD pair is on the rise.

GBPUSD gapped down on the open, inside the light HFT buying pressure zone that is located at 1.3371 and below.

The price is now retracing up since the open and is coming closer to the light HFT selling pressure zone, which is located today at 1.3443 and above.

GBPUSD bears may see this as an opportunity to enter fresh short positions.