The analysis of GBPJPY today shows that HFT Algorithms are starting to buy the pair after, earlier today, it reached the light HFT buying pressure zone that is noted at 134.35 and below.
The price reacted well as soon as it entered the HFT buying area, and several bearish attempts were rejected thus far. The advanced FxTR overbought/oversold indicator is also reversing from inside the oversold area.
To the upside, the light HFT selling pressure is noted today at 134.97 and above.
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