Today in forex trading the GBP/JPY had a buy signal on The Forex Heatmap® forex heatmap. This pair cycled up to the 131.25 area resistance, we would scale out some lots and manage profits at this resistance area. The GBP/USD also moved up strong and this pair has no nearby resistance, it should continue higher on the D1 time frame. Check the signals below, the GBP (British Pound) was strong on all 7 pairs and the JPY (Japanese Yen) was mostly weak. This creates conditions for strong movements on volatile pairs like the GBP/JPY. The Forex Heatmap® provides live buy and sell signals for 28 currency pairs. The heatmap is an important part of our trading system along with multiple time frame analysis, support and resistance levels, and trading with the trends on the higher time frames.
GBP/JPY Buy Signal
GBP/JPY Buy Signal Chart