Today in the forex trading the British Pound (GBP) was strong on all pairs. There was also some Euro (EUR) weakness in the market. This caused the EUR/GBP to drop. This pair is headed into support levels at the 0.7825 area. We would scale out lots or exit this trade. The GBP/CHF moved inversely to the EUR/GBP and rose strong to the upside. This pair is approaching resistance levels at 1.5350-1.5400 area. We would scale out lots at the current price levels on this pair. The currency strength indicator you see below is The Forex Heatmap®, which provides live trading alerts for 28 pairs.
Forex Trading GBP Strength 12-3-2014