Today in currency trading the AUD/JPY had a clear sell signal. This pair could continue lower for one to two more days and form a new support level. On an overall basis the forex market has a lot of AUD (Australian Dollar) strength remaining, so we would scale out lots on any continuing movement to the downside. If this pair stall at support we expect it to reverse back up at some point. The trading signals you see below are from The Forex Heatmap®, which gives live buy and sell signals for 28 pairs.
Currency Trading Signals AUD/JPY Sell 4-15-2014