GBP/JPY bulls reject lower levels at HFT buy zone
|The analysis of HFT algorithms this morning shows that the GBPJPY pair may be a potential BUY for the current day-trading session.
Namely, GBPJPY reached the light HFT buying pressure that is noted at 133.32 and below, and bounced there. The price reacted well and reversed soon after it entered the HFT buy zone.
If the bulls maintain control here, GBPJPY can extend the bounce into a potentially larger correction higher. The advanced FxTR Divergence indicator is also flashing a bullish signal at current levels on the hourly chart as another supportive factor for the bulls.
Fx traders will aim for the light HFT selling pressure zone to the upside that is noted at 135.11 and above.
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