GBP/JPY Buy Signal 6-29-2016

Today in currency trading the GBP/JPY had a buy signal on The Forex Heatmap®. This pair made a strong movement to the upside, however the pair is still in a long term downtrend. Today's up cycle was a retracement against the major downtrend, so we would manage money and profits and scale out lots on any short term buy trades. The live buy signal for the GBP/JPY is shown below along with a price chart of today's movement. This trading system is available for 28 pairs from Forexearlywarning.com.

GBP/JPY Buy Signal