Today in the forex market the JPY (Japanese Yen) was strong on all pairs. This occurred late in the main session as the JPY pairs sold off across the board. The movement cycles were strong to the downside on these currency pairs. We will check these trends and charts on these pairs later today for the formation of new downtrends on the larger time frames. If we see trends that have formed with additional potential, we will issue new trading plans for sells on these pairs. The alert system you see below is The Forex Heatmap®.
Forex Alert System JPY Strength 3-13-2014