Analysis of the trading activity of HFT algorithms in the Forex market today indicates that interesting bullish trading opportunities may be provided today on the GBPUSD Fx pair.

GBPUSD has already reached the light HFT buying pressure zone today which is noted at 1.302 and below. The price reacted strongly here and the GBPUSD pair is already rebounding off the light HFT buying pressure zone.

The pair is also trading inside of a downward channel and has almost reached its lower end before rebounding. The resistance trendline of this channel stands at 1.3045 slightly before the light HFT selling pressure zone which is noted at 1.3059 and above.

GBPUSD

 

GBPUSD Current Trading Positions

Sell 62%
Buy 38%
100.0%62.0%06065707580859095100
Avg Sell Price 1.3075
Avg Buy Price 1.3083
Liquidity Distribution
1.28171.30811.34501SellBuy

 


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