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Today's activity of HFT algorithms in the Fx market shows that the GBPUSD pair earlier reached and reversed from the light HFT buying pressure zone that is located at 1.3125 and below.
The strong reversal saw GBPUSD rallying by more than 90 pips so far today, reversing all of the losses since yesterday's high.
The rally has taken GBPUSD to also reach the light HFT selling pressure zone, which is noted today at 1.3208 and above.
Potentially, the price action at the HFT sell zone could lead to another reversal in GBPUSD today.
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