We are analyzing the activity of HFT algorithms in the Forex market this morning and have noticed that the USDJPY currency pair may provide interesting bullish trading opportunities in the day-trading session ahead.

The pair has already reached the light HFT buying pressure zone which is today noted at 107.18 and below.

The price pushed further to the downside and also reached the medium HFT buying pressure zone that is noted at 106.891 and below. The bearish attempt got rejected there and we are now seeing a solid potential for USDJPY to complete a bullish reversal from current levels.

The 107.25 price zone, as the nearest resistance would be the first destination in a bullish scenario. If momentum is strong, USDJPY could push toward the light HFT selling pressure zone as well which is today noted at 107.46 and above.

USDJPY

 

 

USDPY Current Trading Positions

Sell 71%
Buy 29%
100.0%71.0%0707580859095100
Avg Sell Price 108.04
Avg Buy Price 108.21
Liquidity Distribution
104.50108.21114.50SellBuy

 


 

Your Revolutionary Forex Source

High Risk Warning: Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

ADVISORY WARNING: Any news, opinions, research, data, or other information is provided as general market commentary and does not constitute investment or trading advice. FXTradingRevolution.com expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD falls below 1.1850 as US consumer sentiment beats

EUR/USD is trading under1.1850, off the previous levels as US consumer sentiment beat estimates with 78.9 points. The Fed refrained from adding more stimulus, supporting the dollar earlier in the week. Investors are eyeing fiscal stimulus talks.

EUR/USD News

GBP/USD falls as the EU reportedly objects Johnson's bill

GBP/USD is trading around 1.2950, off the highs. According to reports, the EU remains opposed to UK PM Johnson's controversial bill, which violates the Brexit accord. 

GBP/USD News

XAU/USD struggles to move back above 100-hour SMA

Gold regained some positive traction on the last trading day of the week and recovered a part of the previous day's losses to over one-week lows. The commodity held on to its intraday gains and traded above the $1950 level through the mid-European session.

Gold News

Ethereum hits Bitcoin's bid to lead the market

Bitcoin risks dominance after the strong rise of Ethereum. Technical indicators show some significant discrepancies keeping the stress on the board. Sentiment levels are improving and bordering on optimism.

Read more

WTI: Clings to 50-DMA above $41, focus on Friday’s close

WTI (futures on Nymex) consolidates the three-winning streak above $41 mark on Friday, as the bulls await a fresh catalyst for the next push higher.

Oil News

Forex Majors

Cryptocurrencies

Signatures