The analysis of high-frequency trading algorithms this morning shows that the USDJPY pair is trading mid-way between the light HFT selling and the light HFT buying pressure zones.
The pair is moving sideways in a trading range of just over 15 pips since the start of the session. A breakout above or below this range may take USDJPY to either of the aforementioned HFT zones.
The two light HFT zones stand at the following levels today:
The light HFT selling pressure zone is noted at 104.06 and above.
The light HFT buying pressure zone is noted at 103.56 and below.
USD/JPY Current Trading Positions
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