USD/JPY- The Bears Have Stopped
FX Trading Revolution | May 30, 2017 04:43AM ET
Currency pair USD/JPY was moving yesterday between the light HFT selling and the light HFT buying pressure zones, but didn't reach any of them.
Today on USDJPY:
USD/JPY is under strong selling pressure and already reached the light HFT buying pressure zone noted at 111.11 and below as well as the medium HFT buying pressure zone noted at 110.80 and below. All bearish attempts are stopped for now after the medium HFT buying pressure zone was reached. Strong HFT buying pressure can be seen today at 110.49 and below.
Light HFT selling pressure noted at 111.42 and above. Medium HFT selling pressure noted at 111.72 and above. Strong HFT selling pressure can be seen today at 112.03 and above.
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