Today in forex trading the JPY weakness caused strong movements on many pairs. The GBP/JPY had a buy signal on The Forex Heatmap®, along with several other JPY pairs showing great quality trading signals. The British Pound to JPY exchange rate moved nearly 150 pips. The other JPY pairs also moved much higher, and the total pip movement of all JPY pairs was impressive.
Based on today’s strong movements on the JPY pairs, along with D1 uptrends in place, we expect all of the JPY pairs to continue higher. The real time forex signals from The Forex Heatmap® are shown below along with some of today’s GBP/JPY price chart movement. The GBP/JPY should continue higher to the 159.00 resistance area, and the other JPY pairs have significant upside on the larger time frames. The Forex Heatmap® provides live buy and sell signals for 28 currency pairs, it is an easy to read tool for guiding all of your forex trade entries. We send push alerts to your cellphone and desktop when the market is moving on 8 different currencies.
GBP/JPY Buy Signal
GBP/JPY Chart