GBP/USD: Reached Light HFT Selling Pressure Zone Noted At 1.2829
FX Trading Revolution | Apr 26, 2017 02:25AM ET
Currency pair GBP/USD reached yesterday the light HFT selling pressure zone that was noted at 1.2829 and above. For the first time when the light HFT selling pressure zone was reached - GBP/USD reacted absolutely accurately and almost 30 pips downside move followed. Then all bullish attempts were stopped within the light HFT selling pressure zone.
Today on GBP/USD: Light HFT selling pressure noted at 1.2865 and above. Medium HFT selling pressure noted at 1.2936 and above. Strong HFT selling pressure can be seen today at 1.3007 and above.
Light HFT buying pressure noted at 1.2794 and below. Medium HFT buying pressure noted at 1.2723 and below. Strong HFT buying pressure can be seen today at 1.2652 and below.
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