Today in the forex market there was a GBP/JPY alert and live sell signal on The Forex Heatmap®. The Japanese Yen (JPY) was strong on all pairs in the group and all of the JPY pairs dropped. There was also some GBP weakness in the market, so this pushed the GBP/JPY strongly lower.
The long term trend on the GBP/JPY pair is down, and so we expect more movement down to the 152.00 support area. Todays movement on this pair was strong at over 250 pips. More pips were possible selling the other GBP or JPY pairs today. As the GBP/JPY coninue lower in its downtrend traders should start to scale out lots or exit as the pair approaches this support level in the next two days.
The signal system and visual alert system you see below is The Forex Heatmap® forex heatmap, which provides live visual trading alerts for 28 pairs and 8 different currencies. The heatmap has various professional alert systems including a mobile app, that notifies traders when the signals are consistent for trading. The heatmap is part of our trend based trading trading system.
Forex Alert System GBPJPY Live Sell Signal
GBPJPY Chart And Price Movement