FX Trading Revolution Team
FX Trading Revolution
The analysis of the activity of HFT algorithms in the Forex market this morning shows that the GBPJPY currency pair may be the place to look for long trading opportunities today.
The pair reached the light HFT buying pressure zone in the last hourly session, which is noted at 143.8 and below. The price reacted strongly, and this bearish attempt got sharply reversed.
This suggests that further bullish price action may be in store for GBPJPY today. Bulls will be looking to target price levels to the upside, and HFT algorithms analysis gives us some specific levels. For isntance, the light HFT selling pressure zone is noted at 144.81 and above.
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