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HFT algorithms in today's Fx session show that the USDJPY pair has reached the light HFT selling pressure zone, located today at 115.21 and above.
The price has already reacted there, though only modestly so far. USDJPY bears will likely look for a more convincing reversal signal and stronger bearish momentum to enter short.
The advanced FxTR overbought/oversold indicator is also showing USDJPY is trading in the overbought area on the 1-hour chart.
The light HFT buying pressure zone that is located at 114.62 and below.
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