Today in forex trading the GBP/JPY continued higher on the D1 time frame. Today's buy signal and intra-day chart movement is shown below. The next major resistance area for this pair is at 163.50, we expect this pair to continue up on the D1 time frame to this resistance area. The trading signal you see below is from The Forex Heatmap®, which provides live signals for 28 pairs. The trend indicators are some easy to set up 5/12 moving averages. The larger time frames are for overall analysis and the small times frames are for entries and setting stops. This trading system is available at Forexearlywarning.com.
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| GBP/JPY Trend Continuation |
