Today in forex trading the British Pound (GBP) was weak on all pairs. The Japanese Yen (JPY) was also strong. The GBP/JPY had a clear sell signal, and this pair had a strong sell off. We would scale out lots at the current price levels as the GBP pairs could reverse back up in a couple of days based on overall market GBP strength. We view this as a short term sell off in these pairs. The trading signals you see below are from The Forex Heatmap®, our live trade entry management tool.
Forex Trading Signals GBP/JPY Sell 1-24-2014