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GBP/USD: Retraced Close to Light HFT Buying Pressure Zone

Published 05/03/2017, 05:54 AM
Updated 05/14/2017, 06:45 AM
GBP/USD
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Currency pair GBP/USD retraced yesterday very close to the light HFT buying pressure zone that was noted at 1.2862 and below. More than 75 pips bullish move followed and GBP/USD reached the light HFT selling pressure zone that was noted at 1.2923 and above. GBPUSD was bouncing several times after reaching the light HFT selling pressure zone. Finally, GBP/USD closed yesterday’s trading day within the light HFT selling pressure zone.

GBP/USD Chart 1

Today on GBP/USD: ​The market already reached the light HFT buying pressure zone noted today at 1.2887 and below. GBP/USD reacted there absolutely accurately. Medium HFT buying pressure noted at 1.2811 and below. Strong HFT buying pressure can be seen today at 1.2735 and below.

GBP/USD Chart 2

​Light HFT selling pressure noted at 1.2963 and above. Medium HFT selling pressure noted at 1.3039 and above. Strong HFT selling pressure can be seen today at 1.3115 and above.

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