The analysis of Fx HFT algorithms today shows that the EURJPY pair has reached and reversed at the light HFT selling pressure zone that is noted at 136.39 and above.
The rejection here provided a good opportunity for short sellers as EURJPY has fallen by more than 100 pips off the highs.
The pair is now trading near the other "extreme" of the HFT indicator, namely, the light HFT buying pressure zone, which is noted at 135.14 and below.
Range-trade setups may occur here, and as we can see on the chart EURJPY has already formed a range that roughly corresponds to today's light HFT zones. If these levels are respected again, EURJPY may also offer opportunities to go long from inside the light HFT buy zone.
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