GBP/USD: Reached Light HFT Selling Pressure Zone
FX Trading Revolution | May 01, 2017 04:23AM ET
Currency pair GBP/USD reached on Friday the light HFT selling pressure zone that was noted at 1.2934 and above. All bullish attempts were stopped within the light HFT selling pressure zone, GBP/USD reacted very accurately and more than 50 pips downside move followed. Then GBP/USD accumulated enough bullish strength again and closed Friday's trading day within the light HFT selling pressure zone.
Today on GBP/USD: The market already reached the light HFT buying pressure zone noted today at 1.2902 and below. Medium HFT buying pressure noted at 1.2825 and below. Strong HFT buying pressure can be seen today at 1.2748 and below.
Light HFT selling pressure noted at 1.2979 and above. Medium HFT selling pressure noted at 1.3056 and above. Strong HFT selling pressure can be seen today at 1.3133 and above.
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