Today in the forex market the GBP/JPY had a sell signal on The Forex Heatmap® forex heatmap. This pair sold off strong to just above the 127.00 support level. We would scale out lots at these price levels, but it could continue lower and has additional room to drop on the H4 and D1 time frame to the next support level. The NZD/JPY also dropped today and this pair should continue down to at least the next major support level, and possibly much lower since this pair is also in a strong downtrend. The sell signal for the GBP/JPY is below, this is the Forex Heatmap®, it gives live trading signals for seven of the forex major pairs, and a total of 28 currency pairs.
You can see that the GBP (British Pound) was weak today and the JPY (Japanese Yen) had some strength, creating a scenario for a strong sell off on the GBP/JPY pair. This profitable trading system for 28 pairs is available from Forexearlywarning.com.
GBP/JPY Sell Signal
GBP/JPY Sell Signal Chart