The GBP/JPY is building a new trend going up on the D1 time frame. The current resistance is at 179.25, you can set a price alarm here for a buy. Look for a buy signal above that price on The Forex Heatmap®. The overall pip potential is very good going up to the 184.50 resistance. The trend analysis was done with moving averages and using multiple time frame analysis by individual currencies.
Forex Trend Analysis GBP/JPY 4-8-2015
