Sign In with Google
Sign In with Facebook
Fx high frequency trading algorithms in today's trading session show that the USDJPY pair has now reached the light HFT selling pressure zone that is located at 127.94 and above.
The price reaction there has stopped the bullish attempt so far, though a clear reversal has not yet occurred. Traders may keep watching for that, however. The advanced FxTR overbought/oversold indicator is in the overbought area on the hourly chart.
To the downside, the light HFT buying pressure zone that is located at 126.75 and below.
Don't Miss: Stay on top of the game by reading our Weekly Forex Forecast of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)
