Today in forex trading the GBP/JPY had a sell signal on The Forex Heatmap®. The British Pound (GBP) was weak on all pairs, and the Japanese Yen (JPY) was strong on all pairs, driving price movement for forex traders. The GBP/JPY sold off, but this pair is at one support level so we would scale some out lots on this pair at these price levels. The GBP/USD broke one support level on the GBP weakness and is trending down on the larger time frames, this pair is a hold. The trade signals you see below are from The Forex Heatmap®, which provides live signals for 28 pairs, it is a visual map of the forex market.
Forex Trade Signals GBP/JPY Sell 10-14-2014