Daily HFT Trade Setup – EURJPY Testing the HFT Sell Zone

The activity of HFT algorithms in the Fx market today shows that the EURJPY pair has reached and is reacting at the light HFT selling pressure zone that is noted at 135.63 and above.  

The first couple of attempts were already held back here, but EURJPY is still trading inside the light HFT zone. Whether bearish pressures will persist and push the pair down remains to be seen. Technical resistance from prior highs in this area should help attract extra bearish pressures.

EURJPY traders will look at the light HFT buying pressure zone to the downside, which is noted at 134.42 and below.