EUR/JPY moving between HFT buying and selling zones

FX Trading Revolution Team FX Trading Revolution

The EURJPY pair is moving sideways this morning in the area between the light HFT buying and selling pressure zones. The two HFT zones are noted today at the following levels:

At 121.02 and below - the light HFT buying pressure zone
At 121.55 and above - the light HFT selling pressure zone

Buying opportunities may become particularly interesting if EURJPY can decline toward the 121.00 round number level today. In addition to the light HFT buying zone, the prior highs in this area should provide support. Profitable buying opportunities may be created if some bullish pattern or signal appears in this area.

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