EUR/JPY between HFT sell and buy zones ahead of ECB meeting

FX Trading Revolution Team FX Trading Revolution

The EURJPY currency pair is trading between the light HFT buying and selling pressure zones this morning.

High-frequency trading algorithms indicate that potentially attractive opportunities may be created here today. The HFT zones are noted as follows:

Light HFT buying pressure zone: at 121.52 and below.
Light HFT selling pressure zone: at 122.88 and above.

Overbought and oversold levels may give early signals about a reversal or confirm another signal. For example. the advanced FxTR overbought/oversold indicator is an effective tool that can be used for this purpose (see chart below).

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