Today in forex trading the GBP (British Pound) was weak on across most pairs in the group and this drove strong price movement. The live trading signals for the GBP and JPY (Japanese Yen) pairs are shown below from The Forex Heatmap®. The GBP/JPY had strong sell off and broke through short term support levels and into their long term trends. The NZD/JPY also sold off on the overall JPY strength in the market today. The GBP/JPY is in strong downtrends on the larger time frames like the W1. This pair is at post-Brexit lows, and the GBP/USD is at a multi year low. We see a lot more sell potential ahead on these pairs.
The Forex Heatmap® forex heatmap provides live buy and sell signals for 28 currency pairs. You can see the signals from the JPY and GBP pairs in the images below along with the nearly 125 pip sell off in the GBP/JPY. Forexearlywarning is a top notch forex trading signals provider that traders look to for increasing their pip totals across 8 different currencies.