Forex Trading Charts GBP/JPY 1-7-2015

The GBP/JPY charts show that this pair is is still trending up on the larger time frames, but it has sold off on the H4 time frame. We expect this pair to reverse to the upside. It has the  potential to cycle back up to the 187.00 resistance area again. You can set a price alert at the 180.75 level on this pair. When the alert hits look for a buy signal on The Forex Heatmap®.  This is the H4 time frame chart shown below, these charts are exponential moving averages set up on a meta trader platform.

Forex Trading Charts GBP/JPY 1-7-2015

Forex Trading Charts GBP/JPY 1-7-2015

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