Today in forex trading the British Pound (GBP) strength was seen on all pairs in the group. The GBP strength caused strong price movement on this group of pairs. The GBP/NZD had a good movement cycle to the upside, this pair should continue much higher as it is trending up with no nearby resistance. The GBP/AUD also had a strong upward movement, but this pair is at one resistance point so we would be scaling out lots and taking some profits. The live visual alert system you see below is The Forex Heatmap®, our real time visual trade alert system.
Forex Alerts GBP Strength 2-12-2014