Today in currency trading the GBP/JPY had a strong sell signal on The Forex Heatmap® during the main forex trading session. This pair should continue to drop to the 170.00 area support level, however we would scale out lots on this pair and take some profit as the longer term trend signals are mixed. This live signal is very strong as the GBP was weak and the JPY was also strong, we call this a “slingshot”.
The Forex Heatmap® signaling system you see below works for 28 currency pairs and eight major currency groups. The heatmap provides buy and sell signals in the during both forex trading session and the best times to trade the forex market. The Asian trading session and the main trading session.
GBP/JPY Sell Signal The Forex Heatmap