GBP/USD Moving Closer To HFT Selling Zone!

FX Trading Revolution Team FX Trading Revolution

HFT algorithms' activity on the GBPUSD currency pair this morning reveals that a peak for the day may not be far at this point.

The pair is slowly moving higher and closes in on the light HFT selling pressure zone that is today noted at 1.2981 and above. GBPUSD day traders who are bearish on the pair will be looking for a sell signal of some sort to occur once this area is reached - either on some of the indicators or some other trading pattern.

To the downside, the light HFT buying pressure zone is noted at 1.2908 and below.

GBP/USD Current Trading Positions

Sell 38%

Buy 62%

Avg Sell Price 1.2913

Avg Buy Price 1.2967

Liquidity Distribution

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