Today in forex trading The Forex Heatmap® alerted forex traders to the GBP (British Pound) strength in the market. This caused good price movement on all of the pairs in the GBP group of pairs. The NZD (New Zealand Dollar) and AUD (Australian Dollar) also had some minor weakness. The GBP/AUD and GBP/NZD moved strongly higher. Both pairs are trending higher on the larger time frames and trends. The GBP/AUD has not broken through all of the near term resistance, but the GBP/NZD has fully broken out and should continue much higher. The visual alert system you see below is The Forex Heatmap®, which gives trade alerts for 28 currency pairs, and 8 different groups of currency pairs.
Forex Alert System GBP Strength 5-21-2015