Today in forex trading the GBP was strong on all pairs and drove significant price movement in the group. Pairs like the GBP/AUD, GBP/CAD and GBP/NZD had strong movements to the upside based on the GBP strength. The GBP/AUD and GBP/CAD pairs have no nearby resistance and are trending higher. The GBP/NZD is inside of a resistance cluster and we would exit this trade. The visual trading alerts you see below are from The Forex Heatmap®.
Forex Trading Alert GBP Strength 12-18-2013