Today in forex trading The Forex Heatmap® signaled and alert on the JPY (Japanese Yen) pairs. The JPY strength was consistent on all pairs. The NZD/JPY sold off and could continue down the the next support level around the 85.00 price level. The GBP/JPY also dropped but this looks like a short term intra-day trade into some support, so we would scale out lots or exit this trade for improved risk management and money management. The visual trading alerts you see below are from The Forex Heatmap®, which provides visual trading alerts for 28 forex pairs.
Forex Alerts JPY Strength 5-28-2014