This idea about a single Algo moves price comes from observation of precise targets seen on the chart.
If we study the inner set up, management and workings of CB, tier1, 2, 3 traders we get a better idea to explain for this precision seen. Imo it's not a single algo that some privilege members coalesced to manipulate price. But it does look that way as a result of the interbank FX business setup. Anyway no harm thinking that way either.
Trade the value