FX Trading Revolution Team
FX Trading Revolution
We are analyzing the USD/JPY currency pair this morning and the activity of HFT algorithms and note that attractive short-term trading opportunities from the buy-side could exist here.
The pair has reached the light HFT buying pressure zone that is noted at 108.38 and below. The price is reacting well here and we can see a nice bounce on the hourly chart, which also seems to be forming a bullish candle pattern. Technical indicators on intraday charts like this may help to confirm a potential buy signal here.
Day-traders who are looking to make a quick profit may benefit from the current situation on USD/JPY. The bulls will be aiming for the light HFT selling pressure zone, today noted at 108.76 and above.
USD/JPY Current Trading Positions
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