Tag Archives: GBP/JPY

Currency Strength Indicator GBP Strength 5-11-2015

Today in currency trading the GBP (British Pound) strength caused significant price movement on these pairs. There was also some NZD (New Zealand Dollar) and JPY (Japanese Yen)  weakness in the market. The GBP/NZD and the GBP/JPY moved much higher. The GBP/NZD has broken out of a resistance range and could be headed much higher on the W1 time frame trend. The GBP/JPY also moved much higher, but this pair is hitting one resistance level at the 187.50 area, so we would be scaling out lots on this pair. The GBP strength indicator you see below is The Forex Heatmap®, which measures strength and weakness in 28 currency pairs, and eight currencies, to guide forex traders.

Currency Strength Indicator GBP Strength 5-11-2015

Currency Strength Indicator GBP Strength 5-11-2015

Forex Trend Analysis GBP/JPY 4-8-2015

The GBP/JPY is building a new trend going up on the D1 time frame. The current analysis shows resistance is at 179.25, you can set a price alarm here for a buy. Above this price when the alarm hits look for  a buy signal on The Forex Heatmap®. The overall pip potential is very good going up to the 184.50 resistance, this is over 500 pips of potential movement. The trend analysis you see below was done with moving averages and using multiple time frame analysis by individual currencies, which is our analytical technique for 28 pairs.

Forex Trend Analysis GBP/JPY 4-8-2015

Forex Trend Analysis GBP/JPY 4-8-2015

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

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

Forex Signal System GBP/JPY Buy 12-11-2014

Today in the forex trading The Forex Heatmap® signal system gave a buy signal on the GBP/JPY. You an check the heatmap below, and it shows that the Japanese Yen (JPY) was weak on all pairs, which drove these pairs up. The British Pound (GBP) was mostly strong and this pushed the GBP/JPY strong movement to the upside. This pair is in a long term uptrend, so it could easily continue up to the 189.50 resistance area from here, so we consider this to be a hold. The signal system you see below is The Forex Heatmap®, which gives live buy and sell signals for 28 currency pairs.

Forex Signal System GBP/JPY Buy 12-11-2014

Forex Signal System GBP/JPY Buy 12-11-2014

GBP/JPY MN Time Frame 12-3-2014

The GBP/JPY MN time frame is shown below. This pair is trending higher on the largest time frames, like the MN and W1 time frame. The current resistance level is 188.20, you can set a price alert here. Past this resistance level this pair has no nearby resistance, so the upside potential is excellent. Above the alert price of 188.20, look for buy confirmation using The Forex Heatmap®. The analysis of the GBP/JPY was performed with multiple time frame analysis of trends, which always starts with the largest time frames.

GBP/JPY MN Time Frame 12-3-2014

GBP/JPY MN Time Frame 12-3-2014

GBP/JPY Sell Signal 10-2-2014

Today in forex trading the GBP/JPY had a sell signal on The Forex Heatmap®. The Japanese Yen (JPY) was strong on all pairs, generating some strong downward movement on these pairs. There was also some CAD and GBP weakness in the market. This drove the GBP/JPY and the CAD/JPY down. Both of these pairs are hitting some support levels, so we would consider scaling out lots or exiting these sells. Both pairs should reverse back up as soon as tomorrow and the overall trend on both pairs is up. Today’s down cycles were short term sells against the trend. The sell signals you see below are live buy and sell signals from The Forex Heatmap®. The heatmap gives live buy and sell signals for the JPY and GBP pairs as well as 6 other currency groups.

GBP/JPY Sell Signal 10-2-2014

GBP/JPY Sell Signal 10-2-2014

GBP/JPY Chart Analysis 6-4-2014

The GBP/JPY chart is oscillating on the H4 time frame. Look for  a sell signal on The Forex Heatmap® tomorrow in the main forex trading session on this pair. This pair has potential to drop down to the 170.00 support area, which is shown by the yellow line. This pair should continue to oscillate and range because the GBP and JPY pairs are not really trending now. The chart you see below is some 5/12 exponential moving averages we use for trend analysis with multiple time frames.

GBP/JPY Chart Analysis 6-4-2014

GBP/JPY Chart Analysis 6-4-2014

Forex Alerts JPY Strength 5-28-2014

Today in forex trading The Forex Heatmap® signaled and alert on the JPY (Japanese Yen) pairs. The JPY strength was consistent on all pairs. The NZD/JPY sold off and could continue down the the next support level around the 85.00 price level. The GBP/JPY also dropped but this looks like a short term intra-day trade into some support, so we would scale out lots or exit this trade for money management. The visual trading alerts you see below are from The Forex Heatmap®, which provides visual trading alerts for 28 forex pairs.

Forex Alerts JPY Strength 5-28-2014

Forex Alerts JPY Strength 5-28-2014

Forex Trade Signals GBP/JPY Buy 3-28-2014

Today in forex trades the GBP/JPY had a clear buy signal. The D1 trend is forming to the upside on this pair and it could continue up to the 172.75 resistance area. So it has ongoing potential and we will continue to set additional buy plans on this pair. Other Japanese Yen (JPY) pairs like  the EUR/JPY also moved higher, and this pair is also trending to the upside. The live trade signals you see below are from The Forex Heatmap®, showing the British Pound (GBP) strength and the JPY weakness.

Forex Trade Signals GBP/JPY Buy 3-28-2014

Forex Trade Signals GBP/JPY Buy 3-28-2014