GBP/JPY Chart Analysis 6-4-2014

The GBP/JPY chart is oscillating on the H4 time frame. Look for  a sell signal on The Forex Heatmap® tomorrow in the main forex trading session on this pair. This pair has potential to drop down to the 170.00 support area, which is shown by the yellow line. This pair should continue to oscillate and range because the GBP and JPY pairs are not really trending now. The chart you see below is some 5/12 exponential moving averages we use for trend analysis with multiple time frames.

GBP/JPY Chart Analysis 6-4-2014

GBP/JPY Chart Analysis 6-4-2014

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