FOREX HFT Signals Forecast: GBPUSD 05/16/2018
The GBPUSD currency pair yesterday reached the light HFT buying pressure zone that was noted at 1.3524 and below. The bearish pressures then accelerated and GBPUSD continued lower to reach the medium HFT buying pressure zone as well which was noted at 1.3451 and below.
The bearish attempt was reversed here just after briefly touching the medium HFT buying pressure zone, GBPUSD rebounded by more than 60 pips and provided profitable trading opportunities on the day.
Today on GBPUSD:
Light HFT selling pressure noted at 1.3565 and above. Medium HFT selling pressure noted at 1.3686 and above. Strong HFT selling pressure can be seen today at 1.3806 and above.
Light HFT buying pressure noted at 1.3445 and below. Medium HFT buying pressure noted at 1.3324 and below. Strong HFT buying pressure can be seen today at 1.3204 and below.