Today in forex trading the EUR/JPY had a buy signal on The Forex Heatmap®. The Japanese Yen (JPY) was weak on all pairs, driving strong movement. There was also some minor Euro (EUR), Canadian Dollar (CAD) and Australian Dollar (AUD) strength in the market today. This drove the EUR/JPY, CAD/JPY and AUD/JPY higher. The CAD/JPY is forming a new up trend on the D1 time frame and should continue much higher. The EUR/JPY is at resistance at 137.00, and the AUD/JPY should continue upward to the next resistance level at 95.50. The trades and signals you see below are from The Forex Heatmap®, which provides live buy and sell signals for 28 pairs including the JPY pairs.
Forex Trades EUR/JPY Buy 10-23-2014