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The activity of Fx high frequency trading algorithms today indicates that the AUDJPY currency pair can continue to decline following an earlier reversal at the light HFT selling pressure zone that is located at 90.52 and above.
AUDJPY turned around and fell sharply as soon as it touched the HFT sell zone, reversing all the earlier gains during the Asian session.
It now stands near unchanged on the day with potential to turn red if it breaks below the earlier low, around 89.00. This can open the road for further losses toward the light HFT buying pressure zone that is noted at 88.44 and below.
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