British Pound Selloff 6-10-2016

Today in forex trading the British Pound (GBP) sold off against the major currencies, this created great opportunities for day traders and trend traders. The GBP/USD is now trending down on the D1 time frame and should continue down to the 1.4150 support area. The GBP/JPY is in a long term downtrend and is close to breaking support ate 151.50. We will look to set trading plans to sell various GBP pairs next week as most pairs are showing GBP weakness. The GBP/AUD is also trending lower on the D1 time frame and is set to continue much lower. The live GBP sell signals you see below are from The Forex Heatmap®, which can detect a sell off in the GBP or any one of 8 currencies. The heatmap and associated chart movement are shown in the images below. This profitable forex trading system is available at Forexearlywarning.com.

British Pound Selloff