JPY Currency Strength 1-5-2015

Today in currency trading the Japanese Yen (JPY) strength was evident on all pairs. There was also clear GBP (British Pound) weakness. The GBP/JPY sold off and this pair is trending down on the D1 time frame. This pair should continue lower for at least one more day, but the overall trend on the largest time frames is still up so we would scale out lots at this price level. This pair will likely stall at support and reverse back to the upside in a day or two. The live currency strength signal you see below is from The Forex Heatmap®, which gives currency strength signals for 8 currencies and 28 pairs for traders.

JPY Currency Strength 1-5-2015

JPY Currency Strength 1-5-2015

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