Today in forex trading the GBP/JPY had a trading alert for a buy on The Forex Heatmap®. This pair had very strong movement to the upside. This pair is likely to continue to the next major resistance area at 162.00. Since the overall trend on the MN time frame is still down, we suggest scaling out lots on any profitable buy entries and trading on this pair. Other JPY pairs like the CAD/JPY also broke out and moved much higher today, the CAD/JPY is forming a larger trend on the W1 time frame.
The live trading alerts form The Forex Heatmap® are for buying and selling 28 pairs. Below you can see the heatmap live signal showing GBP (British Pound) strength and JPY (Japanese Yen) weakness in the market, creating the strong movement in the GBP/JPY. This heatmap is a powerful forex indicator that is part of our profitable trading system.