HFT Forecast: USD/JPY — May 31, 2017
FX Trading Revolution | May 31, 2017 05:45AM ET
Currency pair USD/JPY reached yesterday the light HFT buying pressure zone that was noted at 111.11 and below as well as the medium HFT buying pressure zone that was noted at 110.80 and below. USD/JPY reacted after reaching the medium HFT buying pressure zone incredibly accurately and more than 45 pips bullish move followed. Then USD/JPY accumulated enough bearish strength again and reached the medium HFT buying pressure zone once more - all bearish attempts were stopped there again very accurately.
Today on USD/JPY:
The market already reached the light HFT selling pressure zone noted at 111.20 and above. Medium HFT selling pressure noted at 111.84 and above. Strong HFT selling pressure can be seen today at 112.48 and above.
Light HFT buying pressure noted at 110.56 and below. Medium HFT buying pressure noted at 109.91 and below. Strong HFT buying pressure can be seen today at 109.27 and below.
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