USD/JPY stable at HFT buy zone

FX Trading Revolution Team FX Trading Revolution

Today's analysis of HFT algorithms shows that the USDJPY pair has reached the light HFT buying pressure zone that is located at 104.27 and below.

USDJPY was falling earlier in the session, but the decline stopped once it entered the light HFT buying pressure zone. The advanced FxTR Divergence indicator is showing that bullish divergence exists on the hourly chart. However, the bullish divergence hasn't been confirmed from other bullish signals or from the price action yet.

On the other side of the spectrum, the light HFT selling pressure zone is noted at 104.61 and above.

USD/JPY Current Trading Positions

Sell 68%

Buy 32%

Avg Sell Price 104.11

Avg Buy Price 104.90

Liquidity Distribution

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FX Trading Revolution Team

FX Trading Revolution

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