We are analyzing the trading activity of HFT algorithms on the EURJPY Fx pair this morning and note that it may be a place where opportunities from the sell side will exist in today's trading session.
EURJPY made a bullish attempt earlier today and reached the light HFT selling pressure zone that is noted at 122.76 and above. However, this attempt is now already getting rejected with a bearish candle formed on the hourly chart.
Extra confirmation for a trend reversal from the indicators will be helpful to provide a higher-probability trading signal at this point. To the downside, the light HFT buying pressure zone, noted at 122.24 and below, is the potential price zone that EURJPY can reach today.
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