GBP/JPY Trend Reversal

A GBP/JPY trend reversal may be underway on the D1 time frame. Look for a buy signal on this pair in the main session starting tomorrow morning. You can watch The Forex HeatmapĀ® to confirm any buys and also the live heatmap alert system. Current pricing is in the 132.00 area, overall pip potential is up to the 138.00 resistance area, noted on the chart. This is a ranging currency pair, and the chart looks like a forex reversal pattern and double bottom change of direction off of heavy support on  one of the larger time frame. If you see consistent GBP strength or JPY weakness on the heatmap, this would be your confirmation to buy this pair

GBP/JPY Trend Reversal

GBP/JPY Trend Reversal

Comments are closed.