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.

EURJPY

 


 

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